User Account

All Pages

What the budgeted cash receipts for October

Assignment Help Managerial Accounting
Reference no: EM133007707

Question - The LaPann Corporation has obtained the following sales forecast data:

 

July

August

September

October

Cash sales

$80,000

$70,000

$50,000

$60,000

Credit sales

$240,000

$220,000

$180,000

$200,000

The regular pattern of collection of credit sales is 20% in the month of sale, 70% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts.

Required - What the budgeted cash receipts for October?

Reference no: EM133007707

Questions Cloud

What are some of the lessons regarding international borders : What are some of the lessons regarding international borders, exploitation of labor, refugees, and global inequality presented by the Author?
Prepare Quarterly direct materials purchases budgets : The raw material cost is $7 dollars per pound. Prepare Quarterly direct materials purchases budgets for steering industrial for 2020
What about the percentage of foreign born : hen did the US have the highest proportion of foreign-born, i.e. first-generation immigrants? What was the number of Immigrants in the US at that time?
How third generation labels are used differently outside : Explain if and how "1st, 2nd, or 3rd generation labels" are used differently outside of academia, for instance among your peers, or on the media?
What the budgeted cash receipts for October : The regular pattern of collection of credit sales is 20% in the month of sale, What the budgeted cash receipts for October
Should be more restrictions on the news stations : Should there be more restrictions on the news stations? Many experts see the media as biased and more like infotainment. In fact, many people have turned
Briefly examine and review the resources : Critically analyse texts and/or multimedia material in both a business and academic context - Apply research, academic and communication skills appropriate
Do wait till a crisis happens to voice opinions and discuss : The framers of the Constitution were concerned, Do you agree with this assessment? Are we uninformed? Do we wait till a crisis happens to voice our opinions?
What are some of the consequences of these poor performance : What are some of the consequences of these poor performance of political institutions? What explains unevenness in the quality of institutions in Latin America?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Which are investment decisions

Which are investment decisions, and which are financing decisions? Should we develop a new software package to manage our inventory?

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company as of April 30 and calculate the amount of over- or under-applied overhead and what is the significance of this over- or under-applied amount of overhead?

  Which inflation could potentially impact planned capital

Which inflation could potentially impact planned capital investments in emerging markets and examine one approach to perform an accurate evaluation

  What the bonds would most likely sell at

If bonds are being issued with a stated rate of 8% and the market value is 9%, the bonds would most likely sell at which of the following

  Which company will have more profit if sales double

If the 2nd company's total costs apply $4,000 of variable costs and $11,00 of fixed costs, which company will have more profit if sales double?

  Explain and differentiate forms of business organization

Explain Differentiate among the major forms of business organization and what might be considered to be the top 2 advantages and disadvantages of each form.

  Prepare a contribution format income statement

Prepare a contribution format income statement and compute the degree of operating leverage.c. If you were a member of top management, would you have been in favor of constructingthe new plant?

  Developing an equation from average costs

Developing an Equation from Average Costs.The America Dog and Cat Hotel is a pet hotel located in Las Vegas. Assume that in March, when dog-days (occupancy)

  What will be the cost of the inventory

XYZ Company prices its products by adding 30% to its cost. XYZ anticipates sales of $715,000 in March, What will be the cost of the inventory

  What is operating leverage and how does affect a firm

What is operating leverage, and how does it affect a firm's business risk? Show the operating break-even point if a company has fixed costs of $200

  Explain each stage of the subrogation process

Explain each stage of the 'subrogation' process and the impact the existence of this process has on premiums

  Design a substantive audit program

Design a substantive audit program with at least two audit procedures over the advertising revenue recognition process

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