Prepare a schedule of cash receipts for victorias apparel

Reference no: EM13394537

Victoria's Apparel has forecast credit sales for the fourth quarter of the year as:

September (actual) . . . . . . . $50,000

Fourth Quarter
October . . . . . . . . . . . . . . . $40,000
November . .. . . . . . . . . . . . . 35,000
December . . . . . . . . . . . . . . 60,000

Experience has shown that 20 percent of sales are collected in the month of sale, 70 percent in the following month, and 10 percent are never collected.

Required:

Prepare a schedule of cash receipts for Victoria's Apparel covering the fourth quarter (October through December).

Reference no: EM13394537

Questions Cloud

Describe the properties of a normal distribution why are : describe the properties of a normal distribution. why are there infinite possible normal distributions? why should one

The company then expects to settle down to a : givens inc. is a fast growing technology company that paid a 1.25 dividend last week. the companys expected growth

Examine the pros and cons from the perspective of crestview : write a four to six 4-6 page paper in which youexamine the pros and cons from the perspective of crestview hospital of

At what production quantity per year would brewery be : a brewery is considering two potential production investmentsoption a costs an initial 2 million and will involve

Prepare a schedule of cash receipts for victorias apparel : victorias apparel has forecast credit sales for the fourth quarter of the year asseptember actual . . . . . . .

Thompson enterprises has 5000000 of bonds outstanding each : 1. which of the following statements about listing on a stock exchange is most correct?a. listing is a decision of more

Assess management structures which can lead to an effective : 1 explain the principles of tqm in relation to a specific application2 evaluate management structures that can lead to

Write down a paper of no more than 750 words in which you : write down a paper of no more than 750 words in which you discuss the difference between comparative and ratio

Now that you have conducted a cultural review along with : 1. now that you have conducted a cultural review along with developing some marketing strategies for entry into the

User Account

All Pages