Solution-What would the budgeted accounts receivable be

What would the budgeted accounts receivable be

Assignment Help Accounting Basics

Reference no: EM133152434

Question - A company has the following budgeted sales for the months of April 2022 to July 2022:

	April	May	June	July
Credit sales	420,000	360,000	520,000	440,000
Cash sales	600,000	520,000	650,000	610,00

The regular pattern of collection of credit sales is 50% in the month of sale, 30% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no irrecoverable receivables. What would the budgeted accounts receivable be by close of business on 31st May 2022?

a. $333,000

b. $408,000

c. $378,000

d. $264,000

Reference no: EM133152434

Questions Cloud

Product that improves the lives of the consumer : Do you think there is a contradiction between making a profit and producing a product that improves the lives of the consumer?

Hofstede culture ranking table : Based on Hofstede's Culture Ranking table, other than Individualism countries, which one of the other 3 cultural dimensions do you believe you would be most eff

Establish a monitoring strategy : Why is it beneficial for a small business to establish a monitoring strategy at the same time as they create the marketing strategy?

Why smart small businesses constantly monitor : Describe why smart small businesses constantly monitor and evaluate the way that customers perceive their marketing mix

What would the budgeted accounts receivable be : There are no irrecoverable receivables. What would the budgeted accounts receivable be by close of business on 31st May 2022

Notice about the different environments : What did you notice about the different environments and how they impact a particular type of business? What could you, as a business manager or entrepreneur, t

What is the price of the? bond : A bond with 15 years to maturity and a coupon rate of 7?% has a? par, or? face, value of ?$21,000. Interest is paid annually. If you require a return of 16?% on

How would you use the vroom-yetton decision model : How would you use the Vroom-Yetton Decision Model to improve your decision making process to deal difficult client?

What is the relevant cost of material z to the company : Material X is used regularly by the company and the current market price is £15 per kilogram. What is the relevant cost of material Z to the company

User Account

All Pages

What would the budgeted accounts receivable be

Reference no: EM133152434

Reference no: EM133152434

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT