Firms budgeted collections

Reference no: EM13130150

"Qu. Co makes all sales on account, subject to the following collection:30% are collected in the month of sale; 60% are collected in the first month after sale, and 10% are collected in the second month after sale. If sales for April, May, and June were $60,000, $80,000, and $70,000, recpectively, what were the firm's budgeted collections for June?

A. $21,000

B. $60,000

C. $69,000

D. 75,000"

Reference no: EM13130150

Questions Cloud

Calculate the mass of nitrogen : Calculate the mass of nitrogen dissolved at room temperature in an 99.0 mL home aquarium. Assume a total pressure of 1.0 atm and a mole fraction for nitrogen of 0.78.

Organ transplants far outweighing pool of potential organs : With the exponential rise in the need for organ transplants far outweighing the pool of potential organs and donors, it is not surprising that polarized opinions abound as to who should have access to life-saving scarce resource, such as lungs, li..

Taylor direct-material price variance : An examination of Taylor's payroll records revealed that the company worked 22,000 labor hours (cost = $319,000) during the period, and specifications called for each completed unit requiring two hours of labor at a standard cost of $14.80 per hou..

What are the great approaches for cash management : What are the great approaches for cash management? If you are the controller who is in charge of managing cash, what methods would you take and why? 200-250 words please.

Firms budgeted collections : If sales for April, May, and June were $60,000, $80,000, and $70,000, recpectively, what were the firm's budgeted collections for June?

How much nh3 is produced : Consider the reaction CaCN2 + 3H2O ->CaCO3 + 2NH3 . How much NH3 is produced if 187 g of CaCO3 are produced?

Describe the internal and external users : Describe the internal and external users of your company's stock information and what they would be looking for in your financial statements.

How can a firms security policies contribute : How can a firm's security policies contribute and relate to the six main business objectives and give example.

Find probability that total is greater than given pounds : Assumed to have 20 pounds of carry-on baggage, find the probability that his total is greater than 195 pounds. Round your answer to three decimal places.

User Account

All Pages