What the anticipated cash inflow for the month of april

Assignment Help Accounting Basics
Reference no: EM133182826

Question - The following credit sales are budgeted by Bramble Corp.:

January $234000

February 310000

March 440000

April 330000

The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale. What the anticipated cash inflow for the month of April?

Reference no: EM133182826

Questions Cloud

Journalize the first annual note payment : On the first day of the fiscal year, a company issues $39,000, 10%, Journalize the first annual note payment
Find the current stock price : Grow-Now currently has a book value of equity of $100/share. Find the current stock price if the company keeps a constant payout policy of 40%
What is the balance of interest expense for the loan : The note is for a six-month term and both principal and interest are payable at maturity. What is the balance of interest expense for the loan as of December
How many units will have to be sold in june : Crane reported the following results from the sale of 5000 units in May: sales $370000, variable costs $250000, How many units will have to be sold in June
What the anticipated cash inflow for the month of april : The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, What the anticipated cash inflow for the month
What is the projected dividend for the coming year : The required return on this stock is 10%, and the stock currently sells for $76 per share. What is the projected dividend for the coming year
What must be the new total net income of the firm : Assume the price-earnings ratio remains constant. What must be the new total net income of the firm if the market price per share is to remain at $46
Execute a new branding campaign : You are assigned with a responsibility to design and execute a new branding campaign for an existing company that intends to come up with a new series of produc
Compute the amount of cash and cash equivalents : Compute the amount of cash and cash equivalents should the company report on the December 31, 2021 statement of financial position

Reviews

Write a Review

Accounting Basics Questions & Answers

  How to prepare the journal entries relating to transaction

How to Prepare the journal entries relating to this transaction for the full three-year period from October 31, 2016, to October 31, 2019

  What is the maximum cca deduction

The machine is a Class 8 asset. What is the maximum CCA deduction A1A can take on this asset for the April 1 to December? 31, 2020 fiscal? year

  Create the quarterly adjusting entries required at march

Easy Rental Agency Inc.'s trial balance included the following unadjusted account balances. Create the quarterly adjusting entries required at March 31, 2015.

  Ghosh company has credit sales of 28 million for year 2009

ghosh company has credit sales of 2.8 million for year 2009. on december 31 2009 the companys allowance for doubtful

  What is the gain or loss that TFS will recognize

The bonds were yielding 7% when repurchased. What is the gain or loss that TFS will recognize on derecognition of this bond liability

  What is the optimal profit for Zander

Zander Brick Co. produces several products that can be sold at the split-off point or processed further and then sold. What is the optimal profit for Zander

  What is an unasserted claim

What is an unasserted claim and why would an attorney and/or client be reluctant to disclose an unasserted claim in the financial statements.

  Prepare journal entries on january and dec

If Barone classify the investment as hold for collection, and didn't sale the investment on 1 April, prepare journal entries on January 1 and Dec 31, 2020

  The incremental income or loss on reworking the units is

The incremental income or loss on reworking the units is:$14,720 loss.$14,720 income.$10,240 loss.$24,960 income.$22,080 income.

  What is the weighted average unit cost

Pharoah Company made three purchases of merchandise in the following sequence: (1) 155 units at $10, What is the weighted average unit cost

  How much of a foreign tax credit will Jeff get

Jeff's Bijoux is a U.S. corporation with income from jewelry shops in the U.S. and in France. How much of a foreign tax credit will Jeff get

  Estimated loss contingency

The amount of the loss involved can be reasonably estimated. Based on the above facts, an estimated loss contingency should be:

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