What is the amount or cash collections for april

Assignment Help Managerial Accounting
Reference no: EM133022228

Question - March, April, and May sales are $100,000, $120,000, and $125,000, respectively. A total of 80% of all sales are credit sales and 20% are cash sales. A total of 60% of credit sales are collected in the month of the sale and 40% are collected in the next month. There are no bad debt expenses. What is the amount or cash collections for April?

Reference no: EM133022228

Questions Cloud

What the entry to record the factory overhead : Factory overhead applied to production was $23,000. What the entry to record the factory overhead applied to production
Calculate the expected annual residual income : A division is considering investing in capital equipment costing £1.5m. Calculate the expected annual residual income of the initial investment
How much would you get for it : If you want to sell such a T-Bill to the dealer with a face value of $1M, how much would you get for it
Compute the weighted average cost of capital : Your lecturer encourages you to invest in a firm on the Asian continent. Compute the weighted average cost of capital
What is the amount or cash collections for april : March, April, and May sales are $100,000, $120,000, and $125,000, respectively. What is the amount or cash collections for April
Make all the required entries to record the disposal : Make all the required entries to record the disposal of the truck in the books of Nevada Inc
Calculate the maximum amount that the company can pay : Calculate the maximum amount that the company can pay for the new equipment in order to keep the project profitable
Provide a plan for returning all services : The corporate office is in Spanish Town St Catherine and the manufacturing site is Old Harbor. Provide a plan for returning all services
Estimate annual cash flows for all years : The sales price is $120 per unit and the variable cost is $85 per unit in the first year, Estimate annual cash flows for all years

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