What is the collection forecast for april

Assignment Help Finance Basics
Reference no: EM132693155

Use the data below from a company's sales for January to April to get a forecast for the collection forecast, including cash sales, for April:

Month Sales

January $220,000

February 140,000

March 150,000

April 140,000

Of the sales above, 30% are for cash and 70% are for credit. Of the credit sales, 58% are collected one month later, 32% are collected two month later, and 10% are collected three months later. What is the collection forecast for April?

Reference no: EM132693155

Questions Cloud

What is enterprise system : What is an enterprise system? Give some enterprise system examples. ?List a few tips to avoid a failed implementation of an enterprise system. ?
What the direct labor cost budget for the year is : Assume that 1/2 hour is required to assemble each diary. If assembly labor costs $10 per hour, the direct labor cost budget for the year is
Which is highly flexible to service demands is used : Which is highly flexible to service demands, is used to manage staffing levels? Non-manufacturing businesses normally do not have direct materials purchases
Discuss how financial crash impacted : Discuss how this financial crash impacted you, your family, a career from which you may have been laid off, or someone you know who was affected.
What is the collection forecast for april : Use the data below from a company's sales for January to April to get a forecast for the collection forecast, including cash sales, for April:
Differentiate psychopathological theories that define murder : Provide for the required mental states of murder as defined by the legal system. Differentiate psychopathological theories that might explain murder.
Provide the journal entry for the period payroll : Federal withholding for the period totaled $2,925. Provide the journal entry for the period's payroll
Describes sequential processing : Describes sequential processing? In sequential processing, several sequences of production are applied to a product in a particular department.
What is Dunn net pay : Karen Dunn's weekly gross earnings for the week ending December 3 were $2,250, What is Dunn net pay

Reviews

Write a Review

Finance Basics Questions & Answers

  How much highest rate can afford on APR loan

You want to borrow $98,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $2,100, but no more.

  The duty of loyalty and whistleblowing

Analyze the duty of loyalty in whistleblower cases to determine to whom loyalty is owed and who shows the greater duty of loyalty. Support your analysis with specific examples. Then, suggest at least one (1) change to an existing law.

  What features allowed apple ipod to dominate the market

The Idea: Handheld music devices date back to the 1970s, when Sony introduced the Walkman. So why has the iPod dominated the MP3 market in the early 2000s?

  Fill in the missing information in the following table

Fill in the missing information in the following table. Assume that Portfolio AB is 30 percent invested in StockA.

  Information about a stock x

Problem: You are given the following information about a stock X:

  How education expenditures compare before and after lottery

A number of states have debated whether to institute lotteries. One argument used to great effect by tinny proponents is that lottery revenues will be devoted.

  Why is liquidity so valued

Why is liquidity so valued? Why should it be a part of your financial planning?

  Complex and sophisticated equipment

Rio Claro, Inc. (RCI) is in the business of transporting cargo between ports in California and Washington. Its fleet includes a small dry-cargo vessel

  Tax questions

The tax act passed in 2001 raised the contribution limit on the IRA's from $2,000 to $5,000 by 2008. What impact, if any, would you expect this provision to have on the personal savings?

  Complete the first three rows of an amortization schedule

On January 1, 2012, Gundy Enterprises purchases an office for $250,000, paying $50,000 down and borrowing the remaining $200,000, signing an 8%, 30-year.

  Summarize the accounting rules in detail

Your firm has been conducting tax research by looking at cases settled in federal courts as a means to decide what position to take when reporting this year's.

  What price would its shares be expected to sell

If the company's equity cost of capital is 12%, what price would its shares be expected to sell for immediately after it pays the dividend?

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