User Account

All Pages

What are the estimated cash receipts

Assignment Help Accounting Basics
Reference no: EM131680220

Question - Alpha Company is preparing its cash budget for the month of May.  The company estimated credit sales for May at $200,000. Actual credit sales for April were $150,000. Estimated collections in May for credit sales in May are 20%.   Estimated collections in May for credit sales in April are 70%.  Estimated Collections in May for credit sales prior to April are $12,000.  Estimated write-offs in May for uncollectible credit sales are $8,000.  Estimated provision for bad debts in May for credit sales in May are $7,000. What are the estimated cash receipts from accounts receivable collections in May?

Reference no: EM131680220

Questions Cloud

Probability of getting married couples within committee : An organization with 2n people consists of n married couples. A committee of size k is selected, with all possibilities equally likely.
Determine the alpha budgeted cost of goods sold : Use this information to determine Alpha's: Budgeted Cost of Goods Sold and Budgeted Gross Profit
Why would a god desire companionship : Why would a god desire companionship? How do the events of the myths demonstrate the concerns of the Yoruba tribe?
Probability-tyrion and cersei are sitting next to each other : Tyrion, Cersei, and ten other people are sitting at a round table, with their seating arrangement having been randomly assigned.
What are the estimated cash receipts : Estimated provision for bad debts in May for credit sales in May are $7,000. What are the estimated cash receipts from accounts receivable collections in May
How the information systems function supports a business : What major features of a business are important for understanding the role of information systems?
Find the probability that no kings appear before first ace : A deck of cards is shuffled well. The cards are dealt one by one, until the first time an Ace appears. Find the probability that no kings, queens, or jacks.
What is personal daily fiber recommendation : a. What is your personal daily fiber recommendation? b. What is the current average daily intake of fiber for adults according to the research?
Calculate the amount of depreciation expense recorded : Calculate the amount of depreciation expense recorded in Rose Company's 2021 income statement related to the machine. Do not use decimals in your answer

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare a direct materials budget showing the quantity of

pearl products limited of shenzhen china manufactures and distributes toys throughout south east asia. five cubic

  Should congress adopt a flat tax

Should Congress adopt a flat tax, one for individuals and another for businesses, if so at what percentage and at what position in the income chain

  Equipment which cost 213000 and had accumulated

equipment which cost 213000 and had accumulated depreciation of 114000 was sold for 121000. this transaction should be

  List any qualitative factors that you think management

smoluk mining company currently is operating at less than 50 percent of capacity. the management of the company expects

  What do you think we should do

ACC 203 - Do you have any problems if we do not account for the DTAs and DTLs and just account for the current tax liability and the directors are wondering why we should complicate a very simple way of calculating long service leave - why not "stic..

  Prepare a balance sheet

Tom has a business that has been trading for some time. You are given the following information as at 31.12.2002. You are required to prepare a Balance Sheet

  What are total assets of quality galleries

Refer to the information above. What are total assets of Quality Galleries at the end of March?$445,000.$283,000.$162,000.$480,000.

  Determine the number of shares outstanding

The charter of a corporation provides for the issuance of100,000 shares of common stock. Assume that 40,000 shares wereoriginally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?

  A company declared a 055 per share cash dividend the

a company declared a 0.55 per share cash dividend. the company has 200000 shares authorized 190000 shares issued and

  First net systems is a start-up company that

first net systems is a start-up company that makesconnectors for high-speed internet connections. the company has

  How does this doctrine act as an exception to the elements

research the doctrine of promissory estoppel online. use an actual case to help you discuss the following questions

  Relevant internal revenue code sections

How much, if any, will Fly be able to itemize as a charitable deduction in 2012 and 2013? Be sure to explain your reasoning with the information from the relevant Internal Revenue Code sections.

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