What the february expected cash receipts

Assignment Help Accounting Basics
Reference no: EM133124165

Questions -

Q1. A company's history indicates that 20% of its sales are for cash and the rest are on credit. Collections on credit sales are 20% in the month of the sale, 50% in the next month, 25% the following month, and 5% is uncollectible. Projected sales for December, January, and February are $60,000, $85,000, and $95,000, respectively. What the February expected cash receipts from all current and prior credit sales?

Q2. Adelphi Company has budgeted activity for March to reflect net income $105,000. All sales are credit sales. Receivables are planned to increase (decrease -) by $15,000 payables to increase (decrease -) by $13,000 and Depreciation Expense is $40,000. Use this information to determine how much cash will increase (decrease) during the month of March.

Reference no: EM133124165

Questions Cloud

What is the correctly valued offer price : Zang and ESM agree that Zang's current value of equity is $64 million. What is the correctly valued offer price
About impact of AI on jobs and ideas for societal responses : There have been many books and opinion pieces written about the impact of AI on jobs and ideas for societal responses to address the issues.
Pandemic means of indonesia population : Indonesia's demand for food is expected to quadruple by 2050, and Australian imports could help to fill the gap.
Discuss current business process in specific industry : Discuss a current business process in a specific industry. Explain a new technology that the business should deploy.
What the february expected cash receipts : A company's history indicates that 20% of its sales are for cash and the rest are on credit. What the February expected cash receipts
Equation of the production possibility frontier : Ron can either workout or make sushi rolls. It takes him 40 minutes to finish 1 workout and 20 minutes to make 1 sushi roll. If he has 120 minutes to do these t
Benefits of collaboration and decision making in groups : Explain how GDSS can increase some benefits of collaboration and decision making in groups and eliminate or reduce some losses.
Why the marginalists see reason as the origin of progress : Why the marginalists see reason as the origin of progress?
Discuss insertion-deletion and modification anomalies : Discuss insertion, deletion, and modification anomalies. Why are they considered bad? Illustrate with examples.

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.

  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!

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