What are the receipts from sales on account for October

Assignment Help Managerial Accounting
Reference no: EM132877790

Question - Daybook Inc. collects 30% of its sales on account in the month of the sale and 70% in the month folle sales on account are budgeted to be $105, for September and $116,0 for October, what are the receipts from sales on account for October?

Reference no: EM132877790

Questions Cloud

What is the compound journal entry : What is the compound journal entry to update the carrying value of the investment and the balances of the related accounts on Dec. 31, 2021
List the norms and mores from american society : What do these differences imply about the social changes that have taken place in our society? Has cultural leveling influenced any of these changes?
Discuss the importance in american culture : Discuss the importance of these in American culture. Do any of them seem silly, irrelevant, etc.? What would happen if someone "broke a norm"?
How does the resource-mobilization theory build on weakness : How does the resource-mobilization theory build on a weakness of the classical model in the effort to theorize on the way social movements arise?
What are the receipts from sales on account for October : Daybook Inc. collects 30% of its sales on account in the month of the sale. What are the receipts from sales on account for October
What amount is the check : During the first week of February, Gabe Hopen earned $300. What amount is the check, net of all deductions, that Gabe received for the week's pay
What ways did power distance affect cockpit interaction : What ways did power distance affect cockpit interaction? (explore both the high and low aspects of how power distance affected cockpit interactions)
Explain whether evidence-based programs are more effective : Explain whether evidence-based programs are more effective in addressing addiction. Respond taking a position opposite a colleague's on the influence
What is this projects payback period : A project that costs $2,200 to install will provide annual cash flows of $570 for the next 5 years. What is this projects payback period

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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!

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