What amount of cash will be received during december

Assignment Help Financial Management

Reference no: EM13870731

The sales for October, November and December are $20,000, $24,000 and $36,000, respectively. For any particular month of sales, the following percentages are received over time in cash: 10% in cash from that same month of sales; 60% in cash from the previous month's sales; and, 30% in cash from the sales from two months ago. What amount of cash will be received during December?

Reference no: EM13870731

Questions Cloud

What is the payback period without discounting cash flows : Consider the following four-year project. The initial after-tax outlay or after-tax cost is $1,000,000. The future after-tax cash inflows for years 1, 2, 3 and 4 are: $400,000, $300,000, $200,000 and $200,000, respectively. What is the payback period..

What was cys dollar profit or loss and holding period return : Cy bought a share of stock for $47.50 that paid a dividend of $.72 and sold one year later for $51.38. What was Cy's dollar profit or loss and holding period return?

Holding period return and annual percentage rate : Chad purchased Hampton Industries Inc. stock for $14.65 and sold it 6 months later for $17.38 after receiving a $0.25 dividend. What is Chad's holding period return (HPR), Annual Percentage Rate (APR), and Effective Annual Rate (EAR)?

Calculator for appropriate number of payments per year : You have agreed to a $140,000 fixed-rate loan from First National Bank today and promise to repay the loan with 36 equal monthly payments at an APR of 7%. How large are your monthly payments? Use a financial calculator to determine your answer. Make ..

What amount of cash will be received during december : The sales for October, November and December are $20,000, $24,000 and $36,000, respectively. For any particular month of sales, the following percentages are received over time in cash: 10% in cash from that same month of sales; 60% in cash from the ..

Which factor listed below is not considered external factor : Successful business analysis relies on the analyst’s ability to understand all aspects of the internal and external environment of the business. There are many external factors to consider in such an analysis. Which factor listed below is not conside..

Operating expenses cash flow variable : In the forecast formula for the operating expenses cash flow variable, the net revenue projection for the firm:

What tax savings do they receive from investment expenses : Rich and Shauna Nielson file a joint tax return, and they itemize deductions. Assume their marginal tax rate on ordinary income is 25 percent. The Nielsons incur $2,700 in miscellaneous itemized deductions, excluding investment expenses. What tax sav..

When firm holds cash in excess of some necessary minimum : When a firm holds cash in excess of some necessary minimum, it incurs an opportunity cost. The opportunity cost of excess cash (held in currency or bank deposits) is the interest income that could be earned by the next best use, such as investment in..

User Account

All Pages