Compute the total cash budgeted to be collected in march

Assignment Help Finance Basics

Reference no: EM13966785

Northwest Equipment offers a 3% discount to customers who pay cash at the time of sale and a 2% discount to customers who pay within the first 10 days of the month after sale. Past experience shows that cash collections from customers tend to occur in the following pattern:

Cash collected at time of sale 55%

Collected within cash discount period in first 10 days of month after sale 15%

Collected after cash discount period in first month after month of sale 10%

Collected after cash discount period in second month after month of sale 15%

Never collected 5%

Compute the total cash budgeted to be collected in March if sales forecasts are $370,000 for January, $420,000 for February, and $460,000 for March.

The answer has 5 boxes with the following choices to be calculated in addition to total cash collections:

January sales within discount period
February sales within discount period
February sales after discount period
March sales within discount period
March sales after discount period

Reference no: EM13966785

Questions Cloud

Machine learning - business intellignce : It might be helpful to start with describing Log data versus Transaction data; what are the properties of each? What are some examples of each? How do they relate to Machine Learning?

Business strategy : select a company, even if it only has one business area, are likely to score poorly. The marker is looking for a very specific Management Agenda at the end of the Assignment; this is difficult to develop for a company.

Feminist struggles for equality : Feminist struggles for equality should have the same objectives in every country. Discuss. Write with theories. Try to do some evaluation. Try to do all the paragraphs the same length.

Production manager is told to reduce the safety stock : Annual demand for a product is 13,000 units; weekly demand is 250 units with a standard deviation of 40 units. The cost of placing an order is $100, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.65 per ..

Compute the total cash budgeted to be collected in march : Compute the total cash budgeted to be collected in March if sales forecasts are $370,000 for January, $420,000 for February, and $460,000 for March.

Managers are responsible for the failure of business firms : Agree or disagree: "I think managers are responsible for the failure of business firms." Please explain with specific examples. Why is the strategic control exercised by a firm’s strategic leaders important for long-term competitiveness? How do strat..

What are the trends associated with the supply and demands : What are the trends associated with the supply and demands of healthcare professionals in West Virginia? What strategies would you implement to attract and fill the gap with respect to critical care nurses, mental health professionals to include soci..

Case study mike evans corporation : Case Study: Mike Evans Corporation, Provide a researched literature review of the theory of customer service provision with reference to: (a) service failure; (b) service recovery strategies

Marketing help to reach the targeting customers : How would segmentation (3 top customer segments) would you use to get customers to the business and how would the 4Ps of marketing help to reach the targeting customers.

User Account

All Pages