Discuss home company is making following sales projections

Assignment Help Accounting Basics
Reference no: EM131784190

Home Company will open a new store on January 1, 2000. Based on experience from its other retail outlets, Home Company is making the following sales projections:

 

Cash Sales

Sales on Account

January

$60,000

$40,000

February

$30,000

$50,000

March

$40,000

$60,000

April

$40,000

$80,000

Home estimates that 70% of the sales on account will be collected in the month following the month of sale, with the balance collected in the second month following sale.

In a cash budget for the month of April, the total cash receipts will be

The balance in accounts receivable on January 31, 2000 will be

The March 31, 2000, balance in accounts receivable will be

Reference no: EM131784190

Questions Cloud

Calculate the mass of co2 that can be produced : Calculate the mass of CO2 that can be produced if the reaction of 47.3 g of pentane and sufficient oxygen has a 61.0 % yield.
Determine the free-vibration equation for the beam : Determine the free-vibration equation for the beam of Figure.
What is the maximum number of moles : What is the maximum number of moles of P2O5 that can theoretically be made from 211 g of P4 and excess oxygen?
How many moles of pcl5 can be produced : How many moles of PCl5 can be produced from 52.0 g of Cl2 (and excess P4 )?
Discuss home company is making following sales projections : Home estimates that 70% of the sales on account will be collected in the month following the month of sale, with the balance collected
Determine the equation of motion : determine the equation of motion, the natural frequencies, and the mode shapes of a pinned-free beam of Figure. Compare with the exact values.
Sample of the hydrate of barium hydroxide : A 50.0 g sample of the hydrate of barium hydroxide contains 27.2 g of Ba(OH)2, what's the value of X in Ba(OH)2 . XH2O
How many pound of raw material a is walman : how many pound of raw material A is Walman planning to purchase
What mass of lithium hydroxide : The phosphoric acid solution is 12.74 mL and has a concentration of 0.283 M. What mass of lithium hydroxide must you add to neutralize the solution?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd