A Company has the following sales 2,000 in January, 2,200 in February, 2,800 in April and 3,000 in May. Assuming the selling prices is P100/unit. Sales for each month are expected to be collected as follows: • Month of sales: 20% A month after sales: 50% 2 months after sales: 30% - How much is total receipts from sales? Units sold in March= Total units -(units sold in January+ units sold in feb + units sold in april + units sold in may) = 12500 - (2000 + 2200 + 2800 +3000) =12500 units-9000 units = 2500 units Мay 3,000 300,000 P1,250,000 60,000 Jan Feb Mar ТОTAL 2,000 200,000 40,000 Apr 2,800 280,000 56,000 Units Sold 2,200 220,000 44,000 2,500 12, 500 Sales in Pesos Collection from current months sales Collection from previous months sales Collection from two months sales 250,000 50,000 P250,000 100,000 110,000 125,000 140,000 P475,000 60,000 66,000 75,000 P201,000 Total Collections from Sales 40,000 144,000 220,000 247,000 275,000 P926,000 PRACTICE EXERCISE 1: Fill the table below. A Company has the following sales 2,000 in January, 2,200 in February, 2,800 in April and 3,000 in May. Assume that cost per unit is PHP50. All purchases this month are paid the following month. How much is total cash disbursements for purchases? Jan Feb Mar Apr May ТОTAL Required production Cost in Pesos Payment from current months purchases Payment from previous months purchases Payment from two months purchases Total Payments from purchases
A Company has the following sales 2,000 in January, 2,200 in February, 2,800 in April and 3,000 in May. Assuming the selling prices is P100/unit. Sales for each month are expected to be collected as follows: • Month of sales: 20% A month after sales: 50% 2 months after sales: 30% - How much is total receipts from sales? Units sold in March= Total units -(units sold in January+ units sold in feb + units sold in april + units sold in may) = 12500 - (2000 + 2200 + 2800 +3000) =12500 units-9000 units = 2500 units Мay 3,000 300,000 P1,250,000 60,000 Jan Feb Mar ТОTAL 2,000 200,000 40,000 Apr 2,800 280,000 56,000 Units Sold 2,200 220,000 44,000 2,500 12, 500 Sales in Pesos Collection from current months sales Collection from previous months sales Collection from two months sales 250,000 50,000 P250,000 100,000 110,000 125,000 140,000 P475,000 60,000 66,000 75,000 P201,000 Total Collections from Sales 40,000 144,000 220,000 247,000 275,000 P926,000 PRACTICE EXERCISE 1: Fill the table below. A Company has the following sales 2,000 in January, 2,200 in February, 2,800 in April and 3,000 in May. Assume that cost per unit is PHP50. All purchases this month are paid the following month. How much is total cash disbursements for purchases? Jan Feb Mar Apr May ТОTAL Required production Cost in Pesos Payment from current months purchases Payment from previous months purchases Payment from two months purchases Total Payments from purchases
Chapter15: Managing Short-term Assets
Section: Chapter Questions
Problem 2PROB
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Transcribed Image Text:A Company has the following sales 2,000 in January, 2,200 in February, 2,800 in April and 3,000 in May.
Assuming the selling prices is P100/unit. Sales for each month are expected to be collected as follows:
• Month of sales: 20% A month after sales: 50% • 2 months after sales: 30%
- How much is total receipts from sales?
Units sold in March = Total units - (units sold in January+ units sold in feb + units sold in april + units sold in
may)
= 12500 (2000 + 2200 + 2800 +3000)
=12500 units -9000 units
= 2500 units
Jan
Feb
Mar
May
3,000
300,000 P1,250,000
60,000
ТОTAL
Units Sold
Sales in Pesos
Collection from current
months sales
Apr
2,800
280,000
56,000
2,200
2,000
200.000
2,500
250,000
50,000
12, 500
220.000
40,000
44,000
P250,000
Collection from previous
months sales
100,000
110,000
125,000
140,000
P475,000
Collection from two months
60,000
66,000
75,000
P201,000
sales
Total Collections from Sales
40,000
144,000
220,000
247,000
275,000
P926,000
PRACTICE EXERCISE 1: Fill the table below.
A Company has the following sales 2,000 in January, 2,200 in February, 2,800 in April and 3,000 in May.
Assume that cost per unit is PHP50. All purchases this month are paid the following month. How much is
total cash disbursements for purchases?
Jan
Feb
Mar
Apr
May
ТОTAL
Required production
Cost in Pesos
Payment from current months
purchases
Payment from previous
months purchases
Payment from two months
purchases
Total Payments from
purchases
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