How much cash will eber wares collect in may

Assignment Help Cost Accounting
Reference no: EM132562588

Eber Wares is estimating sales for the next 6 months

Jan $ 300,000

Feb $ 325,000

Mar $ 350,000

Apr $ 360,000

May $ 400,000

Jun $ 420,000

Question 1: Sales are collected as 70% in the month of sale, 20% in the month following the sale,and 7% in the third month following the sale, with 3% uncollectible. A 2% cash discountis given to payments collected in the month of sales. How much cash will Eber Wares collect in May?

Reference no: EM132562588

Questions Cloud

Calculate the value to be assigned to the bonds : Question - Bonds with Detachable Warrants. Calculate the value to be assigned to the bonds and to the warrants. Round your answers to two decimal places
What is the expected cash disbursement for month of march : The rest in the following month. It also receives a 2% discount on all purchases. What is the expected cash disbursement for the month of March?
Calculate the deduction available for decline in value : Calculate the deduction available for decline in value as well as any assessable income (if any) arising from the disposals during the 2017/18 tax year
Components of human resource management : Discuss the key components of human resource management. What are some tools they can use to select the best-talent?
How much cash will eber wares collect in may : The sale, with 3% uncollectible. A 2% cash discountis given to payments collected in the month of sales. How much cash will Eber Wares collect in May?
Discussion centers around the concept of blockchain : Discussion centers around the concept of Blockchain. There is still much confusion regarding what Blockchain is and what it is not.
Find what was the labor efficiency variance for the month : What was the labor efficiency variance for the month? Standard direct labor wage rate: $14.50 per hour. Standard direct labor-hours: 6 hours per unit
Discuss what performance management : Discuss what performance management is and how it influences effective teams.
Estimate what is materials quantity variance for month : What is the materials quantity variance for the month? Standard quantity per unit of output 8 pounds,Standard price $18.00 per pound

Reviews

Write a Review

Cost Accounting Questions & Answers

  Prepare newcomb corporations income statement

Prepare Newcomb Corporation's income statement for 2009, including earnings per share. Assume a weighted average of 100,000 shares of Common Stock outstanding for 2009.

  Consider the recent performance of the closed fund a

consider the recent performance of the closed fund a closed-end fund devoted to finding undervalued thinly traded

  Prepare journal entries to record the budget

Prepare journal entries to record the budget and Prepare journal entries to record the actual revenues and expenditures. Assume all transactions resulted in increases or decreases in cash.

  What combinations of analytical and statistical process

What combinations of analytical and statistical process will be applied to the data and which of these will allow me to accept or reject my hypotheses?

  Calculate the per unit cost of the laser and inkjet printers

Calculate the per unit cost of the laser and inkjet printers, based on a plantwide overhead rate assuming that direct labour hours is the cost driver.

  Determine the overhead application rate for 2010

Determine the overhead application rate for 2010, determine the cost for Job #B316 in 2010 - How will PlastiCo account for the $75,500 of rework cost?

  Prepare jlks journal entry for august

Compute the maturity date for note - Prepare JLKs journal entry for August 2

  What is the profitability index of the project

You are considering a project that has an initial cost of $1,200,000. If you take the project, it will produce net cash flows of $300,000 per year for the next six years. If the appropriate discount rate for the project is 10 percent, what is the ..

  Compute what should the price of the diagnostic kit be

Compute what should the 1998 price of the diagnostic kit be if Harar is to make the same Br 200,000 profit before income taxes?

  Calculate the factory overhead production volume variance

Calculate The factory overhead production volume variance, The total factory overhead spending variance and The variable overhead spending variance

  Prepare a reliable transfer price

Provide the facts presented, show the various factors that affect reliability of (1) the comparable uncontrolled price method, (2) the resale price technique, (3) the cost plus technique.

  Adjusting entry for the one month expiration

The business had recorded the cost of $1,200 to the asset- Prepaid Insurance business would record transaction

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!

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