User Account

All Pages

What is the estimated amount of cash receipts

Assignment Help Cost Accounting
Reference no: EM13550348

Estimate Cash Collections

Duluth Company is preparing its cash budget for December. The following information is available concerning its accounts receivable:

Estimated credit sales for December

$300,000

Actual credit sales for November

$225,000

Estimated collections in December for credit sales in December

25%

Estimated collections in December for credit sales in November

70%

Estimated collections in December for credit sales prior to November

$ 24,000

Estimated write-offs in December for uncollectible credit sales

$ 12,000

Estimated provision for bad debts in December for credit sales in December

$ 10,500

Required

What is the estimated amount of cash receipts from accounts receivable collections in December?

Reference no: EM13550348

Questions Cloud

What is the uncertainty of its momentum : Rutherford's scattering experiments gave the first indications that an atom consists of a small, dense, positively charged nucleus surrounded by negatively charged electrons. What is the uncertainty of its momentum
Calculate the change in reservoir pore volume : A reservoir cover is 12,000 acres and is 20 feet thick. The formation has initial porosity of 0.25. The pore volume compressibility of the reservoir rock is 3.0 x 10^(-6) psi^(-1) . Calculate the change in reservoir pore volume (in barrels) if the re..
Determine the normal depth in the channel for a discharge : If you have 10 kips acting downward on a foundation and footing, 4 feet long, with uniformly distributed load acting up ward of 2.5 k/ft (soil) also 4 ft long. what are the reactions, shear forces, and bending moments at the tree critical points?
What is the natural frequency of the tuning fork : Using a highly sensitive parabolic sound collector, Tom records the frequency of a tuning fork as it drops into the Grand Canyon. What is the natural frequency of the tuning fork
What is the estimated amount of cash receipts : What is the estimated amount of cash receipts from accounts receivable collections in December?
Determine how far does the hamster run in one night : A hamster runs in its wheel for 2.7 hours every night. how far does the hamster run in one night
What is the maximum elevation of any high point : An uncontrolled mosaic is required for an environment project using 1/30000 photos. only the central area of each photo is used for the mosaic
What are the estimated cash disbursements in october : What are the estimated cash disbursements in October
Estimate what is her angular displacement : A dancer completes 2.2 revolutions in a pirouette. What is her angular displacement

Reviews

Write a Review

Cost Accounting Questions & Answers

  Question dinos castillo works in a wine outlet in san juan

question dinos castillo works in a wine outlet in san juan. one-gallon bottle sell for 18. daily fixed costs are 4500

  Question select a local government in the state of maryland

question select a local government in the state of maryland and evaluation the financial statements and audit report

  Prepare a statement of financial position for abc ltd

Prepare a statement of financial position for ABC ltd as at 30 June 2012 to comply with AASB 101 and prepare a statement of changes in equity for ABC ltd for the year ended 30 June 2012, according to the requirements of AASB 101.

  Fastenals cost from lost sales of current customers

What is Fastenals cost from lost sales of current customers - using a relevant cost analysis should Fastenalt accept Hank's special order?

  Standards for tax services apply

Would you recommend Ahi complete this transaction and what potential ethics issues do you see in this situation and which AICPA Code(s) of Professional Conduct rules apply in this situation (explain how and why they apply)?

  What are the amounts payable to preferred stockholders

What are the amounts payable to preferred stockholders and common stockholders? If the cash dividends were $70,000 what are the amounts payable to preferred stockholders and common stockholders? Show computations.

  Identifying product and period costs

Indicate whether each of the following costs is a product cost or a period (selling and administrative) cost.

  1which of the subsequent items is not included in the

1.which of the subsequent items is not included in the recipients gross income?a. alimonyb. gain on sale of an antique

  Compute the accounts receivable and inventory turnover ratio

Computation and evaluation of activity ratios. The following data relate to Alaska Products, Inc: 20X5 20X4Net credit sales $832,000 $760,000 Cost of goods sold 530,000 400,000 Cash, Dec. 31 125,000 110,000Average Accounts receivable 205,000 156,000

  Question 1anbsplist and describe four potential problems

question 1anbsplist and describe four potential problems with a traditional overhead allocation system.bnbsplist and

  In 2013 bodily corporation reported 300000 pretax

in 2013 bodily corporation reported 300000 pretax accounting income. the income tax rate for that year was 30 percent.

  Explain cash account in the ledger of hawkins company

Explain Cash account in the ledger of Hawkins Company

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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