User Account

All Pages

How much cash can leminton company expect

Assignment Help Accounting Basics
Reference no: EM131633568

Question - LeMinton Company expects the following credit sales for the first five months of the year: January, $25,000; February, $40,000; March, $30,000; April, $36,000, May $40,000. Experience has shown that payment for the credit sales is received as follows: 60% in the month of sale, 25% in the first month after sale, 12% in the second month after sale, and the remainder is uncollectible. How much cash can LeMinton Company expect to collect in March as a result of credit sales?

A. $18,000.

B. $28,600.

C. $30,000.

D. $31,000.

E. $32,040.

Reference no: EM131633568

Questions Cloud

Define split-level christianity in terms of worldview : Be specific about the ideas and practices that you hold that set you apart. Second, discuss Hiebert's idea of "split-level" Christianity in terms of worldview
Chamber of commerce of new york city : To verify this claim, the Chamber of Commerce of New York City randomly sampled 30 room rates and found a sample mean of $222.80.
Explain the distribution of health care resources : What is your stand in exposing inequalities in the distribution of health care resources has been a central theme in feminist movements for over five decades
Explain the basics of how a market system works : 1. Explain use of production possibilities frontier to analyze opportunity costs and trade- offs.
How much cash can leminton company expect : How much cash can LeMinton Company expect to collect in March as a result of credit sales
Is the di increasing or decreasing in size : The probability distribution of the net deposit drain of a DI has been estimated to have a mean of 2 percent and a standard deviation of 1 percent.
Propose work balance program that will support professionals : propose two work/life balance programs that will support these professionals, and determine how you would ascertain the needs of the workplace.
Define serial killing is family business by way of genetics : I agree with your take, but I didn't see where the serial killer trait was passed down through learned behavior, as Mr. Brooks didn't kill anyone in front
Define each of the given four measures of liquidity risk : Define each of the following four measures of liquidity risk. Explain how each measure would be implemented and utilized by a DI.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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