Prepare a monthly cash receipts schedule for the firm

Reference no: EM131794525

Question: Simpson Glove Company has made the following sales projections for the next six months. All sales are credit sales.


March	$44,000	June	$50,000
April	53,000	July	61,000
May	35,000	August	65,000

Sales in January and February were $41,000 and $39,000, respectively. Experience has shown that of total sales receipts 10 percent are uncollectible, 45 percent are collected in the month of sale, 35 percent are collected in the following month, and 10 percent are collected two months after sale.

Prepare a monthly cash receipts schedule for the firm for March through August.

Reference no: EM131794525

Questions Cloud

What is Becker operating cycle to the nearest day : SILA has an inventory turnover ratio of 52, an accounts receivable balance of $365,000, average daily credit sales of $36, 500, accounts payable of $182.

What types of derivatives does the company uses : How is the information related to the company's derivatives presented and What types of derivatives does the company uses

Describing the per share price of simon and simon : Simon and Simon, makers of cell phones, has a history of paying dividend of $1 per share to their shareholders.

Find an in order traversal of this binary tree : Exercise 1, Refer to the following binary tree.Perform an in order traversal of this binary tree.

Prepare a monthly cash receipts schedule for the firm : Sales in January and February were $41,000 and $39,000, respectively. Experience has shown that of total sales receipts 10 percent are uncollectible.

How can you factor into the analysis the notion of risk : How can you factor into the analysis the notion of risk so that all competing projects that have relatively lower or higher risks can be evaluated on a level

What is the net present value of the sister pools project : Sister Pools sells outdoor swimming pools and currently has an aftertax cost of capital of 11.6 percent. Al's Construction builds and sells water features.

Subsidiary companys assets and liabilities : Subsidiary company sold Parent Company an item that is in Parent Company's inventory for 10,000 and cost Subsidiary Company 5,000. The sale was made to Parent

Define the sources and target market value proportions : SIU Corp, has determined its optimal capital structure which is composed of the following sources and target market value proportions.

User Account

All Pages