How much is total accounts receivable at the end of august

Assignment Help Managerial Accounting
Reference no: EM132528734

Green Company's sales are 20% cash and 80% credit. Of the credit sales, 60% are  collected in the month of sale and 30% in the month following the sale. The balance is collected during the following month. Budgeted sales data is as follows:

June          $300,000
July           $250,000
August       $280,000
September     $310,000

Question 1: How much is total Accounts Receivable at the end of August?

Option 1: $224,400

Option 2: $137,000

Option 3: $109,600

Option 4: $89,600

Reference no: EM132528734

Questions Cloud

How much is the labor rate variance for august : How much is the labor rate variance for August? Standard Faucets uses standard costing and recorded the data for the month of August
Describe two communication techniques : 1. Which age group discussed in chapter 5 have you communicated with the most.
Why makes sense based in the function of estrogen : How does the increase in the estrogen level correspond to the thickness of the uterine lining (endometrium)? Explain why this makes sense based in the function
What is the best characterization of the challenges : What is the best characterization of the challenges for each, based on your investigations in this lab?
How much is total accounts receivable at the end of august : How much is total Accounts Receivable at the end of August? Green Company's sales are 20% cash and 80% credit. Of the credit sales, 60% are collected
Why are the two strands of dna copied at different rates : Why are the two strands of DNA copied at different rates?
Determine how you will make your story an engaging : Please help me to make a science story about a museum or zoo you have visited. It can be any zoo or museum in the US
What sorts of products get sent to wast treatment plants : What sorts of products get sent to wast treatment plants that should not be in the water?
What price should the company charge : If demand falls to 32,000 units and the company wants to continue to earn a 40% return, what price should the company charge?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Determination of cost variances

Gridiron Merchandising anticipated selling 27,000 units of a major product and paying sales commissions of $6 per unit. Actual sales and sales commissions totaled 27,500 units and $171,400, respectively.

  Received semiannual interest on the french broad bonds

Accrued 750 interest on the Buncombe Co. Bonds. Dec 31 Accrued 1400 interest on the French Broad bonds. 2015 Feb 1. Received semiannual interest on the Buncombe Co. Bonds. March 1. Received semiannual interest on the French Broad bonds. Journalize th..

  What cost per equivalent unit for material q

What Cost per equivalent unit for Material Q under weighted-average method calculated to be?Material P is added at beginning of work in the Mixing Department.

  Distinguish between job costing and process costing

Describe the difficulties associated with each type. What can companies do in order to price products competitively and avoid some of these difficulties?

  What is the break even point per month in sales dollars

What is the break-even point per month in sales dollars? What level of sales dollars is needed for a monthly profit of $60,000?

  Calculate the profit is plan loren is implemented

Calculate the profit is Plan Vivian is implemented. Calculate the profit is Plan Loren is implemented. Vivian Lopez and Loren San will be opening

  Lorenzo company uses a job order cost accounting system

Lorenzo Company uses a job order cost accounting system that charges overhead to jobs on the basis of direct material cost.

  Te enhanced products division of evergreen industries

the enhanced products division of evergreen industries makes ceramic pots that are used to hold large decorative

  Skyline corp began operations on jan 1 2010 skylines

skyline corp began operations on jan 1 2010. skylines budgeted jan 10 feb 10 and mar 10 sales are 1000000 1200000 and

  What is the cmr for the rooms operation

What is the CMR for the rooms operation? What is the CMR for the food operation?

  Do think aircraft depreciation is a relevant cost

Do you think aircraft depreciation is a relevant cost to consider when pricing the rental of the Patriots' aircraft? Why or why not?

  Calculate proposals npv

Calculate proposals NPV - Make a recommendation to the CFO (chief financial officer) concerning whether Waltham should enter into this joint venture.

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