Solution-What are the expected cash receipts for each month

What are the expected cash receipts for each month

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Reference no: EM13546217

Estimate Cash Receipts

Scare-2-B-U (S2BU) specializes in costumes for all occasions. The average price of each of its costumes is $160. For each occasion, S2BU receives a 20 percent deposit two months before the occasion, 50 percent the month before, and the remainder on the day the costume is delivered. Based on information at hand, managers at S2BU expect to make costumes for the following number of occasions during the coming months:

April	75
May	45
June	30
July	60
August	75
September	165

Required

a. What are the expected revenues for S2BU for each month, April through September? Revenues are recorded in the month of the occasion.

b. What are the expected cash receipts for each month, April through July?

Reference no: EM13546217

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What are the expected cash receipts for each month

Reference no: EM13546217

Reference no: EM13546217

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