User Account

All Pages

Find what are the expected cash collections in months

Assignment Help Financial Accounting
Reference no: EM132563846

Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands of dollars):

Month:

1

2

3

4

Cash sales

23

32

26

22

Sales on credit

140

160

130

110

Question 1: On average, 50% of credit sales are paid for in the current month, 30% in the next month, and the remainder in the month after that. What are the expected cash collections in months 3 and 4? (Enter your answers in whole dollars not in thousands of dollars.)

Reference no: EM132563846

Questions Cloud

How about e-commerce presence : Do presentation layers add an attack surface to the enterprise? How about an e-commerce presence?
What was the vulnerability in target breach : How has the term hacking changed meaning over the years? What is the most dangerous hacker tool? What was the vulnerability in the Target Breach?
Prepare the adjustment that the clerk would have made : As part of the normal process for handling an NSF check, Prepare the adjustment that the clerk would have made to record the NSF check
Do you feel a social worker stepping in to help advocate : Do you feel a social worker stepping in to help advocate and team build with the black christian church would be accepted? The response must be typed.
Find what are the expected cash collections in months : What are the expected cash collections in months 3 and 4? Here is a forecast of sales by National Bromide for the first 4 months of 2019.
Discuss preventative measures that could have been employed : Choose a recent national or international news report of an aggressive act performed by an individual or group. Research available background details.
Determine the capitalized cost of the equipment : Borrowing costs of $640 were incurred because of the one-month delay in installation. Determine the capitalized cost of the equipment
Organizations follow the ethics of environmental protection : Discuss the responsibilities of individual, organization, society and government to protect environment from unethical business conduct and practices?
Missile and sister duo own a small dry : John and Mark a Missile and sister duo own a small dry cleaning business. NeJoWe Cleaners! Provides several services to its customers: dry cleaning of clothes

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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