Calculate the net accounting profit for December. Calculate the net cash flow for December. Comment on the difference between the two previous answers.

Q: Firm sales for July are projected as $100,000. The sales in May and June were $60,000 and $75,000…

A: The cash collection schedule is prepared to record the cash collected by firms during the period.

Q: Equarter by month. Cash sales are 10% of total sales each month. Historically, sales on ccount lave…

A: The cash collection schedule is prepared to estimate the cadh collection during the period.

Q: Please prepare a Cash Receipts section, Cash payments section and use the template below for your…

A: The company makes 20 percent of its sales for cash and 80 percent on credit. Of credit sales, 50…

Q: Eddie's Bar and Restaurant Supplies expects its revenues and payments for the first part of the year…

A: Cash Budget is that Ledger / Account which is prepare on estimated figure basis for know the Cash…

Q: Romper Company expects its November sales to be 20% higher than its October sales, which were…

A:

Q: the following are forecasts of sales and purchases for a company.                     Sales…

A: Formula: Cash collections = Sales value x Amount collection percentage

Q: A Company's credit sales policy is to have: 50% of the sales amount in cash 30% collected after one…

A: Following are the requisite answers

Q: The company has the following expected pattern of collections on credit sales 70 percent collected…

A: Collection from june sales = june sales x 70% = 150000*70% = P105000

Q: Frank's Sporting Goods projects sales for the second quarter of 200X to be as follows:…

A: Schedule of cash receipts is made to ascertain the amount received in the particular months.

Q: March, April, and May sales are $100,000, $120,000, and $125,000, respectively. Atotal of 80% of all…

A: Cash Budget:   Cash budget is a budget that is prepared to estimate the cash inflows and cash…

Q: The Dilly Company (DC) began operations on December 1, 2021. All sales are credit sales with 50%…

A: cash collection is calculated by multiplying the collection % with the respective month sales.

Q: How much cash would be collected in June from sales? * NUBD Co. has the following sales forecasts…

A: The question is related to the Budgetory Control. In the question it is given that  Cash Sales = 75%…

Q: NUBD Co. has the following sales forecasts for the selected three month period in 2021: Month April…

A: 75% of sales of June will be collected in June. 25 of sales of May will be collected in June.

Q: Ralpha company is selling a product of $35 per unit. The estimated sales in units would be March,…

A: A budget is the projected financial statements of an organization for a specific period of time in…

Q: The management of Kirkut Enterprises prepared the following forecasted total sales schedule for the…

A: Cash Sales: Cash sales are transactions in which the buyer pays immediately. Bills, coins, cheques,…

Q: All sales are made on credit terms of net 30 days and are collected the following month and no bad…

A: Income statement means a statement which shows the expenses and revenue of the organisation during a…

Q: Frontier Ltd., a leader in solar technology, makes all sales on credit, offering terms 2/10 net 40.…

A: Cash Budget budget is to be prepared for April may and june month. Jan, Feb and march sales are…

Q: Sales for April, May, June, and July will be $310,000, $330,000, $320,000, and $340,000,…

A: Account receivable shows the amount of sales which is not received yet. In simple, it represents the…

Q: oque Company has been accumulating operating data in order to prepare an annual profit plan. Details…

A: The accounting items that are reported as financial records include assets, liabilities,…

Q: Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year Apr…

A: Cash inflows in March = cash sales + cash collected in month of march

Q: How much cash will be collected in​ January? In​ February? In​ March? For the quarter in​ total?

A: WORKING NOTE   November December January Febuary March   Sales revenue              16,500…

Q: AXE Co. expects to have sales of P30,000 in January, P33,000 in February, and P38,000 in March. If…

A: Credit sales are purchases made by customers for which payment is delayed. Delayed payments allow…

Q: A company estimates the following sales demand from Jan- July 2021: Sales (Units) 150,000 180,000…

A: The cash collection from the credit sale depends on the credit policy followed by the firm. A…

Q: Roque Company has been accumulating operating data in order to prepare an annual profit plan.…

A: This is monthly budgeting of the company.  Based on…

Q: Sequoia Furniture Company’s sales over the past three months, half of which are for cash, were as…

A: SOLUTION- ACCOUNTS RECEIVABLE  IS THE BALANCE OF MONEY DUE TO A FIRM FOR GOODS OR SERVICES DELIVERED…

Q: J&P Corp., has been accumulating operating data in order to prepare an annual profit plan. Details…

A: Under the management accounting, the forecast of sales, purchases, expenses, etc. are made for…

Q: Eddie's Bar and Restaurant Supplies expects its revenues and payments for the first part of the year…

A: The cash budget is an estimation of the cash receipts and cash payments for each month or a period…

Q: Vertical Ladder Company (VLC) forecasts its sales for January through April will be $60,000,…

A: A cash budget refers to the document that is prepared for helping the business for managing the…

Q: Vertical Ladder Company (VLC) forecasts its sales for January through April will be $40,000,…

A: The cash budget displays information about expected cash inflows and outflows. The cash budget shows…

Q: A firm collects 25% of its credit sale in the month of sale and the remainder in the following…

A: The external finance is the amount that is needed by the company to continue their operation and or…

Q: Sioux Corporation is estimating the following sales for the first four months of next year:…

A:

Q: The following sales and purchases are expected over the Four-month period from December to March…

A: The questions are multiple choice questions  Required  Choose the Correct Option.

Q: Rainbow Inc.'s sales equal $200,000 each month. Rainbow generally permits credit purchases with…

A: A credit policy is an arrangement in which it is defined that how much credit will be given to the…

Q: The following sales and purchases are expected over the Four-month period from December to March…

A: Cash budget of the business shows expected cash receipts and cash disbursements of the business for…

Q: All sales are made on credit terms of net 30 days and are collected the following month and no bad…

A: The cash flows statement and cash budget show the inflows and outflows of cash during the year. Cash…

Q: Consider the following information for a given company. Month Cash Sales Credit Sales Jan $80.000…

A: Given, Cash sales = $80,000 for January

Q: Graham Potato Company has projected sales of $11,400 in September, $14,500 in October, $21,400 in…

A: Cash receipt schedule represents the total cash collected in a particular period by the company and…

Q: All sales are made on credit terms of net 30 days and are collected the following month and no bad…

A: Preparation of Monthly Proforma Income Statement for the Quarter ending December 31, 2020:-…

Q: Gillstrap Promotions has projected the following

A: Net cash inflow is calculated by deducting cash outflows from cash inflow.

Q: Fine Co. has the following sales forecasts for the third quarter of 2021: P85,000 (July), P88,000…

A: The question specifies that all sales are on credit. Also 70% of credit sales are collected in the…

Q: The management of Vuti has supplied the following sales amounts for the next five months: January…

A: Debtors collection schedule :— It is the schedule that shows the cash collection from debtors of the…

Q: The table below highlights Deluna Company's expected sales Month RM January 100,000 February 120,000…

A: Jan sale = 100,000 Feb sale = 120000 March sale = 110000 Receipt in the month of sale = 30% One…

Q: The following sales and purchases are expected over the Four-month period from December to March…

A: Cash budget is very important budget in the business which shows that how much cash is expected to…

Q: Marcel Company projects the following sales for the first three months of the year: $11,200 in…

A: A cash budget is an estimation of expected cash receipts and disbursements on the basis of past…

Q: The management of Kirkut Enterprises prepared the following forecasted total sales schedule for the…

A: Here in this case we are required to calculate credit sales for the month of August. Credit sale are…

Q: Donald Company expects its purchases for June to be 130,000 and its purchases for July to be…

A:

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.