User Account

All Pages

What are the cash receipts from sales in march

Assignment Help Financial Accounting
Reference no: EM132899835

Problem 1: AXE Co. expects to have sales of P30,000 in January, P33,000 in February, and P38,000 in March. If 20 % of sales are for cash, 40 % are credit sales paid in the month following the sale, and 40 % are credit sales paid 2 months following the sale, what are the cash receipts from sales in March?

Option 1: P55,000

Option 2: P38,000

Option 3: P32,800

Option 4: P47,400

Option 5: P30,000

Reference no: EM132899835

Questions Cloud

Organizing for innovation : Research a company that you believe is an innovator. Evaluate that company based on the following (a) how the organization solves problems, (b) its openness to
Financial economists often track monthly stock returns : Financial economists often track monthly stock returns and look to determine if they are normally distributed.
Introduction to healthcare quality management : Review information from Chapter 7 in Introduction to Healthcare Quality Management.
What is the optimal cash balance of the company : The interest rate on marketable securities is 5% and there is P8 cost per transaction. What is the optimal Cash Balance of the company?
What are the cash receipts from sales in march : What are the cash receipts from sales in March? AXE Co. expects to have sales of P30,000 in January, P33,000 in February, and P38,000 in March.
Bootstrapping the hazard rates from cds spreads : Consider a Credit Default Swap with maturity 2 years, paying a premium with semi-annual frequency.
What would be the net benefit to the company : The annual interest rate on money market securities is 6%. If Sexy Inc. makes use of the lockbox system, what would be the net benefit to the company?
What the firm net float is : What the firm's net float is? Jumpdisk Co. writes checks averaging P15,000 a day, and it takes five days for these checks to clear.
How many boxes does connor expect to purchase in january : On January 1, Connor had 24,000 boxes and 100,000 yards of wire in inventory. How many boxes does Connor expect to purchase in January?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Find which asset class should be held inside the rrsp

Tax bracket and has a sizeable RRSP. If the investor has a portfolio of 60% equities and 40% bonds, which asset class should be held inside the RRSP

  Which community rating approach to health insurance premium

Which community rating approach to health insurance premium pricing? favors the government's contribution to the health savings account

  Share on the grant date

The stock trades at $5 per share on the grant date (January 1, year 1) and is expected to be worth $10 per share on the vesting date at the end of year.

  Calculate profit or loss on each printer at the sale price

Jacy, a reseller of printers, purchases printers for $300 each. If he marks them down by 10% during a sale, calculate his profit or loss on each printer

  How determine the cash payback period for each proposal

How Determine the cash payback period for each proposal.Proposals L and K each cost $500,000, have 6-year lives, and have expected total cash flows of $720,000

  Which qualitative characteristic of financial information

Which qualitative characteristic of financial information focuses on the inclusion of relevant information? Faithful representation

  Calculate the required rate of return on such stock

An issue of $5 preferred stock with a par value of $30. Calculate the required rate of return on such stock if its market price is $57.

  Determine the net present value

Determine the Net Present Value of each investment proposal described in 1 above?  Using the Net Present Value Method as the selection criteria, which project would you select?

  What is the reason for exclusion from statement of cash flow

Of what value is information about this type of transaction? What is the reason for its exclusion from the statement of cash flows?

  What interest expense would it recognize in income statement

Auerbach Inc. issued 4% bonds on October 1, 2013. The bonds have a maturity date of September 30,2023 and a face value of 300 million. the bonds pay interest each March 31 and September 30, beginning March 31, 2014. the effective interest rate establ..

  How do provide general journal entries necessary to account

Applications are received for 5 million shares during July 2020. Provide the general journal entries necessary to account for the above transactions and events.

  Develop an income statement in good form for sanford company

Supply journal entries for each of the transactions. - Develop an income statement in good form for Sanford Company for the first three months of 20x3.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd