Solution-What are the expected cash collections

What are the expected cash collections

Assignment Help Financial Accounting

Reference no: EM132965380

Question - Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands of dollars):

Month	1	2	3	4
Cash sales	23	32	26	22
Sales on credit	140	160	130	110

On average, 50% of credit sales are paid for in the current month, 30% in the next month, and the remainder in the month after that. What are the expected cash collections in months 3 and 4? (Enter your answers in whole dollars not in thousands of dollars.)

Reference no: EM132965380

Questions Cloud

How much amortization should the company record : How much amortization should the company record the first year after the acquisition? Jimmy Dean Rodriguez Sausage company acquired Eggs Danedict

What price should quality data charge for each disk pack : What price should Quality Data charge for each disk pack if management believes the DVDs sell for 20 percent more than the CDs

How much salaries expense should be accrued for the march : All employees are paid each Friday for a five day work week beginning Mondays, how much Salaries Expense should be accrued for the March 31 year end?

What is a hard-to-value asset or situation : What is a hard-to-value asset or situation where the asset's value might be compromised because of the factors surrounding the ownership transfer.

What are the expected cash collections : On average, 50% of credit sales are paid for in the current month, 30% in the next month, What are the expected cash collections

Find what is the equipment after-tax net salvage value : The equipment originally cost $10 million, of which 80% has been depreciated. What is the equipment's after-tax net salvage value?

Find the number of rooms : Variable costs are $50 per room occupancy and fixed costs are $3,300,000 per year. Find the number of rooms that must be let for the hotel to breakeven

How many ordinary shares are outstanding : How many ordinary shares are outstanding? What is the total issue price of the preference shares? How many ordinary shares were issued

Evaluate a proposed capital budgeting project : Evaluate a proposed capital budgeting project. Your team has been charged with analyzing the Creature Gage, an artificial intelligence product

User Account

All Pages

What are the expected cash collections

Reference no: EM132965380

Reference no: EM132965380

Questions Cloud

Reviews

Write a Review

Financial Accounting Questions & Answers

Which the primary purpose of portfolio diversification is to

Prepare schedule of total standard manufacturing costs

Find what key performance indicators might use

What maximum automobile related deduction will be

Calculate the total for loan at compounded monthly

What is the market value balance sheet for epsilon

What the partner capital account will be credited for

What is the amount debited to accounts receivable

How much will the person have in principal and interest

Which are the steps of islamic personal financing

Should pharma record a liability for the future royalties

Good faith and fair dealing

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT