OfficeMart Inc. Schedule of Cash Collections from Sales For the Three Months Ending December 31 October November December Receipts from cash sales: Cash sales 28,250 v 35,250 51,750 V September sales on account: Collected in October 76,000 October sales on account: Collected in October 21,187.5 x Collected in November 63,562.5 x November sales on account: Collected in November 26,437.5 x Collected in December 79,312.5 X December sales on account: Collected in December 38,812.5 x Total cash receipts 125,437.5 x 125,250 169,875

Q: Worton Distributing expects its September sales to be 25% higher than its August sales of $154,000.…

A: August Sales = $154,000 September Sales = $154,000 + 25% = $192,500   Cash Collection in September…

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: The Cannon Ball has projected its first quarter sales at $11,200, second quarter sales at $10,900,…

A: Calculation of cash surplus (deficit) at the end of the first quarter: Answer: Cash deficit at the…

Q: Marker Products, Inc. sells all of its products on credit. The company expects to collect 65%of…

A:

Q: The ABC Company expects to have sales of $30,000 in January, $33,000 in February, and $38,000 in…

A: Cash receipts will only cover sales from January and no other month

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: Halifax Shoes has 30% of its sales in cash and the remainder on credit. Of the credit sales, 65% is…

A: In this case of Halifax shoes, it is given that there are  a certain fixed proportion of credit…

Q: The Professional Service Company expects 80% of sales for cash and 20% on credit. The company…

A: The budgets are prepared to estimate the requirements for the future period.

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: what are the cash receipts from sales in February?

A:

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: lion company expects $650,000 of credit sales in march and $800,000 of credit sales in april. lion…

A: The cash budget keeps the records of cash requirements in the business.

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

A: A cash budget is a projection of an industry's free cash flow over a given time period.. This might…

Q: Sy Co. has the collection schedule of 65% during the month of sales, 15% the following month, and…

A: Collections in a month = (0.65 * Current month sale) + (0.15 * Last month sale) + (0.15 * month…

Q: Blue Company's accountant Bella has prepared the below forecasted credit sales for the quarter July…

A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: The Danser Corporation expects to generate sales equal to $30,000 in January, $33,000 in February,…

A: Total cash collection for March is 20% of March sales, 50% of February Sales and 30% of January…

Q: Sarasota, Inc. provided the following information:     July   August   Projected sales   $234,000…

A: The cash disbursement is calculated as the total cash payment made during the given period. The…

Q: s company sales in December 2018 were $80,000 and they are expected to rise by $5,000 per month for…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

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: Beech's managers have made the following additional assumptions and estimates: 1. Estimated sales…

A:

Q: The ABC Company expects to have sales of $30,000 in January, $33,000 in February, and $38,000 in…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: Cash Collections for Belcher Motors found that 35% of its sales were cash and the remaining 65% are…

A: The cash collection during the quarter depends on the percentage of cash sales and credit sales and…

Q: Danner Inc. has projected sales to be $100,000 in June, $90,000 in July, and $70,000 in August.…

A: Month Projected Sales Amount June $100000 July $90000 August $70000

Q: Assume Laksko's has credit sales of $462,400 in March, $507,500 in April, and $550,200 in May. Also…

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

Q: Halifax Shoes has 39% of its sales in cash and the remainder on credit. Of the credit sales, 65% is…

A: Budgeting is an important part of the business process. Without budgeting a business cannot track…

Q: In 2021, Chatsworth Company expects sales of $40,000 in July, $50,000 in August, and $30,000 in…

A: July sales = $40,000 July Cash sales = 40% July Credit sales = 60% Uncollectble amount = 5% of…

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: Millen’s managers have made the following additional assumptions and estimates Estimated sales for…

A: ACCOUNT RECEIVABLE; An account receivable is defined as it is money that has not been paid by…

Q: Dolman's, an elite clothier, expects its November sales to be 30% higher than its October sales of…

A: Given information is: Cash balance in November beginning = $9000 October Sales = $200000 November…

Q: Sy Co. has the collection schedule of 65% during the month of sales, 15% the following month, and…

A: Lets understand the basics. Cash collection schedule is prepared by management to know the cash…

Q: Jasper Company has 61% of its sales on credit and 39% for cash. All credit sales are collected in…

A: Budgets are the estimates or forecasts for future period and expressed in quantitative form of…

Q: Cash Collections for Belcher Motors found that 35% of its sales were cash and the remaining 65% are…

A: Cash Collection in Q3 = Cash Sales + Cash Collection from Credit Sales   Cash Collection from Credit…

Q: b. Management expects to sell 7,600 cases of water in August and 9,500 cases in September. Each case…

A: Formula: Total sales = Cash sales + Credit sales Sum of both cash and credit sales derives the total…

Q: Steve’s total cash collections in the month o

A: Total cash collections in June = 20% * sales of June + 65% * sales of May + 15% * sales of April

Q: Gilbert's expects its September sales to be 20% higher than its August sales of $150,000.…

A:

Q: Yanimize company sales in December 2018 were $70,000 and they are expected to rise by $4,500 per…

A: Cash collection means the actual cash collected from debtors by the company. Cash budget shows the…

Q: Sherman Company provides services in the retail flooring industry. The following information is…

A: January Revenue    =            $ 2,50,000 + increment @ 5%   =            $    12,500 ($ 2,50,000 x…

Q: ABC Company manufactures and sells lighting fixtures. Estimated sales for the next three months are;…

A: Here in this question we will required to prepare budgets. Budget is a estimation of management…

Q: Avery Company projects the following sales for the first three months of the​ year: $13,500 in…

A: Jan Feb Mar   Cash Sales 10800 12720 12640 Credit Sales 1350 2940 3170 Total Cash…

Q: Fast Distribution Company expects its September sales to be 20% higher than its August sales of…

A: Cash balance at the end of September 30 can be calculated by using this equation Cash balance at end…

Q: Millen’s managers have made the following additional assumptions and estimates: Estimated sales for…

A: The operating cycle refers to the whole process cycle, begins with purchasing and ends with a…

Q: Home Company will open a new store on January 1. Based on experience from its other retail outlets,…

A: For the Given Case: Accounts Receivable Balance at the end of Particular Month = Total Credit Sales…

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A: Solving 3 sub parts A)

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A: Cash sales for August = Total sales x 30% = $93,000 x 30% = $27,900

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

A: Formula: Cash received amount = Total sales x collectible percentage of sales amount for the month.…

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.