User Account

All Pages

What should be the budgeted receivables balance on december

Assignment Help Accounting Basics
Reference no: EM131792830

Question - Vern's makes all sales on account, and has the following collection pattern: 20% are collected in the month of sale; 70% are collected in the first month after sale; and 10% are collected in the second month after sale. Sales for the last quarter of the year are budgeted as follows:

October $70,000

November $60,000

December $50,000

What should be the budgeted receivables balance on December 31?

$40,000

$46,000

$51,000

$59,000

Reference no: EM131792830

Questions Cloud

Compute meredith companys cash receipts : Compute Meredith Companys cash receipts for July, Meredith Company has budgeted sales for the upcoming months as follows
Critically analyse omantels success strategies : Demonstrate a systematic understanding and critical evaluation of the key assess of the strategic management process - Analysis Report at the Center of Business
Should kim buy the hca or the twin cities bonds : Kim Davis is in the 40 percent tax bracket, She is considering investing in HCA (taxable) bonds that carry a 12 percent interest rate.
Changing the portfolio : You are head of a staff unit reporting to the vice president of finance. He has asked you to provide a report on the firm's current portfolio,
What should be the budgeted receivables balance on december : Vern's makes all sales on account, and has the following collection pattern: 20% are collected in the month of sale; What the budgeted receivables balance
Create post describing your current viewpoint on unions : Create a post describing your current viewpoint on unions in the U.S. Do you feel they serve a valuable purpose,
What problems will the investor face with cash flow : For a given real estate investment, if the cost of funds is 6% and the return on assets (ROA) is 4%, What would be the downside to make a decision to finance.
What is the maximum weekly revenue : (a) After how many weeks will the weekly revenue be maximized? (b) What is the maximum weekly revenue?
How effective are teams at realizing of return : How effective are teams at realizing Return of Investments (ROI) from their social media platforms?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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