What are the cash receipts

Assignment Help Financial Accounting

Reference no: EM13746073

1. XYZ Corp has sales forecast of the following = January = $40,000; February = $65,000; March = $52,850. All sales are on account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the second month following, and 5% uncollectible. What are the cash receipts for March?

2. XYZ Corp has sales forecast of the following: February = $40,000; March = $65,000. All sales are on account and are collected as follows: 20% in the current month,, 50% in the month following, 25% in the second month following, and 5% uncollectible. If the total cash receipts for March equal $48,250, what is the sales forecast for January?

Reference no: EM13746073

Questions Cloud

Explain eukaryotic cells : Eukaryotic cells contain organelles that harvest energy from organic compounds to make ATP. ATP is the main form of energy used by cells

Brief description of political changes in afghanistan : You need to prepare just one page about Brief description of political changes in Afghanistan

Calculate the predetermined overhead application rate : Nautical Accessories, Inc., manufactures women's boating hats. Manufacturing overhead is assigned to production on a machine-hour basis. For 2013, it was estimated that manufacturing overhead would total $359,520 and that 21,400 machine hours would b..

Write an essay on benjamin franklin speech in the convention : Write an essay on Benjamin Franklin Speech in the Convention. At the Conclusion of Its Deliberations" (Sept. 17, 1787). Does not have to be a full research paper. only 400-600 Word.

What are the cash receipts : XYZ Corp has sales forecast of the following = January = $40,000; February = $65,000; March = $52,850. All sales are on account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the second month following, and..

What qi goals does the organization have : What types of care or service does your chosen organization focus on. What is its mission. What QI goals does the organization have in place

What is the desired inventory : XYX Corp projects the next period sales will be 12,000 units, and it desires ending inventory equal to 20% of the next month’s sales. What is the desired inventory?

Discuss the theories of putative virus evolution : Discuss the theories of putative virus evolution and Describe and explain the structure , genomic organization , and infection cycle bacteriophages

Can the problems of imperfect and asymmetric information : Can the problems of imperfect and asymmetric information be used to enrich Coase's theory of the firm? How?

User Account

All Pages