How much cash should skyline expect to receive

Assignment Help Managerial Accounting

Reference no: EM13182319

Skyline Corp began operations on Jan 1, 2010. Skyline's budgeted Jan 10, Feb 10 and Mar 10 sales are 1,000,000, 1,200,000 and 2,000,000. The company estimates that 75% of its sales will be made on credit. The company also estimates that 50% of skylines customers will pay their outstanding balance in the month of the sale, 30% in the 1st month subsequent to the sale, and 20% in the second month subsequent to the sale.

- How much cash should Skyline expect to receive from its customers in Jan 10?

- How much cash should Skyline expect to receive from its cusotmers in Feb 10?

- How much cash should Skyline expect to receive from its cusotmers in March 10?

Reference no: EM13182319

Questions Cloud

Evaluate world airlines use of air miles : Evaluate World Airlines use of air miles as a basis for allocation. Do you think the cause-and-effect relationship is strong and suggest alternative methods toallocate the servicedepartment costs.

Scientists need to be cautious about theories and assumption : Scientists need to be cautious about their theories and assumptions. What arguments could you make for and against the statement that humans are causing extinctions unlike any in the history of the earth? Please give an example of an extinction and t..

Find out whether the oxidation occurs spontaneously : Determine whether the oxidation of FeO(s) to Fe2O3(s) occurs spontaneously at 298K according to the reaction below by calculating delta s universal.

What is the optimal mindset of an investigator : What is the optimal mindset of an investigator and how are the concepts associated with the optimal mindset of an investigator manifest?

How much cash should skyline expect to receive : How much cash should Skyline expect to receive from its customers in Jan 10 and how much cash should Skyline expect to receive from its cusotmers in Feb 10?

Explain why using the gravity model : Over the past few decades, East Asian economies have increased their share of world GDP. Similarly, intra-East Asian trade-that is, trade among East Asians nations-has grown as a share of world trade. More than that, East Asian countries do an in..

Compute the equilibrium constant kc for a reaction : Calculate the equilibrium constant kc for a reaction occuring at a temp 0f -19 degree C and when delta G of 1.6 KJ/mol(use R =8.314 J/mol and 273 for kelvin conversion)

Explain the pros and cons of your position : What is your personal understanding and stance on affirmative action? Explain the pros and cons of your position.

Identify the ethical issues involved : Who are the stakeholders in this situation and identify the ethical issues involved in this situation.

User Account

All Pages