User Account

All Pages

How much cash from march sales was collected in april

Assignment Help Financial Accounting
Reference no: EM132903077

The sales budget for Consolidated Industries for the 2nd quarter of the current year is given as follows:

                                              March                 April                 May                         June

Actual Sales                    $230,000

Sales Forecast                                         $250,000         $270,000           $300,000

Credit sales are collected as follows: 70% in the month of sale and 30% in the month after sale. The accounts receivable balance at the end of March was $180,000 and of that amount $69,000 was left uncollected from March sales.

Problem 1: How much cash from March sales was collected in April?

Group of answer choices

Option 1: $175,000

Option 2: $75,000

Option 3: $161,000

Option 4: $69,000

Reference no: EM132903077

Questions Cloud

When companies decide to sell products in other countries : When companies decide to sell their products in other countries, they must decide whether to use a standard product or to customize it to the particular country
What amount of gain or loss should be recognized : Angel Company purchased an investment property on January 1, 2018 for P3,500,000. What amount of gain or loss should be recognized
How can investors determine if goal is being met : How can investors determine if this goal is being met? The main goal of financial management is to maximize the wealth of the shareholders.
Communication style : Communication Style: Would you describe the communication style of your country as implicit or explicit?
How much cash from march sales was collected in april : How much cash from March sales was collected in April? Credit sales are collected as follows: 70% in the month of sale and 30% in the month after sale.
What is net value of the payments versus receipts in today : Carol will receive $10,000 at the end of year four. With an interest rate of 10%, what is the net value of the payments versus receipts in today's dollars?
State how this training links to organizational objectives : State how this training links to the organizational objectives. Discuss your selected training process model, and describe why you recommend this model.
How i have used my via character strengths : How I have used my VIA character strengths as a student and/or in the workplace. (Must include discussion of at least THREE VIA character strengths from the stu
Explain the concept of quality function deployment : Explain the concept of quality function deployment. Link your answer to how QFD can be used to understand if suppliers are in control of the processes in which

Reviews

Write a Review

Financial Accounting Questions & Answers

  Greeting card industry position and formulating planany

greeting card industry position and formulating planany strategic decision must be evaluated with careful consideration

  What are current assets-long term nvestments-net property

The following information is taken from the records of ROK Corporation at December 31, 2010: What are current assets, long term nvestments, Net property, plant, and equpment, intangible assets, current liabilities, long term liabilities, stockholders..

  Express product costs and period costs

Determine which of these costs are product costs and which are period costs.

  Find how depreciation and accelerated depreciation affect

Discuss a business example that shows how depreciation and accelerated depreciation can affect project cash flows. What would your process be to ensure

  Prepare a data flow diagram of expenditure cycle procedures

The company has a centralized computer system with terminals located in various departments. Prepare a data flow diagram and a system flowchart of the expenditure cycle procedures previously described.

  Unit 6 Financial Accounting Assignment

Unit 6 Financial Accounting Assignment Help and Solution, BTEC level 3 Extended diploma Business - Assessment Writing Service

  How much interest would be paid on installment loan

How much interest would be paid on a $2,000 installment loan to be repaid in 48 monthly installments of $52.73? Round the answer to 4 decimal places.

  Create the appropriate journal entry to record transaction

Create the appropriate journal entry to record the transaction. Acquired merchandise inventory costing $30,000 on January 21 with payment of $16,000 in cash

  The interest charged

The interest charged on a $395000 note payable, at the rate of 6%, for a year would be

  Should wcf lease or purchase the equipment

What is the annual lease payment that will make WCF indifferent to whether it leases or not? Should WCF lease or purchase the equipment?

  Tto raise capital companies might sell bonds this allows

tto raise capital companies might sell bonds. this allows them to bypass lenders such as banks and go directly to the

  What were the effects of the warrants on finsbury additional

On November 2, year 3, Finsbury, Inc., What were the effects of the warrants on Finsbury's additional paid-in capital and net income?

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