Chapter 12 Question 2, part 2 Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014: $1,878,000 (October), $1,558,000 (November), and $2,009,000(December). It posted the following sales figures for the third quarter of 2014: $1,939,000 (July), S1,985,000 (August), and $2,113,000 (September). The companysells 37% of its products on credit, and 63% are cash sales. The company collects credit sales as follows: 32% in the following month, 50% two months later, and17% three months later, with 1% defaults. Wwhat are the anticipated cash inflows for the last quarter of 2014?The armounit COllecteu in January is : (Rounu io uie nearest Uoliar.)The amount collected in February is $. (Round to the nearest dollar.)The amount not collected is $ I. (Round to the nearest dollar.)Given the December sales of $2,009,000,The amount collected in December is $(Round to the nearest dollar.)The amount collected in January is $. (Round to the nearest dollar.)The amount collected in February is $(Round to the nearest dollar.)The amount collected in March is $. (Round to the nearest dollar.)The amount not collected is $(Round to the nearest dollar.)The receipts for October are $(Round to the nearest dollar.)The receipts for November are $(Round to the nearest dollar.)The receipts for December are $(Round to the nearest dollar.) Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014: $1,878,000 (October), $1,558,000 (November), and $2,009,000(December). It posted the following sales figures for the third quarter of 2014: $1,939,000 (July), $1,985,000 (August), and $2,113,000 (September). The companysells 37% of its products on credit, and 63% are cash sales. The company collects credit sales as follows: 32% in the following month, 50% two months later, and17% three months later, with 1% defaults. What are the anticipated cash inflows for the last quarter of 2014?The amount collected in November is $. (Round to the nearest dollar.)The amount collected in December is $(Round to the nearest dollar.)The amount collected in January is $(Round to the nearest dollar.)The amount collected in February is $. (Round to the nearest dollar.)The amount not collected is $(Round to the nearest dollar.)Given the December sales of $2,009,000,The amount collected in December is $(Round to the nearest dollar.)The amount collected in January is $. (Round to the nearest dollar.)The amount collected in February is $. (Round to the nearest dollar.)The amount collected in March is $. (Round to the nearest dollar.)The amount not collected is $(Round to the nearest dollar.)The receipts for October are S |. (Round to the nearest dollar.)

Cash budget refers to an estimation of cash inflows and outflows in a business over a specified…

Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014: $1,878,000 (October), $1,558,000 (November), and $2,009,000 (December). It posted the following sales figures for the third quarter of 2014: $1,939,000 (July), $1,985,000 (August), and $2,113,000 (September). The company sells 37% of its products on credit, and 63% are cash sales. The company collects credit sales as follows: 32% in the following month, 50% two months later, and 17% three months later, with 1% defaults. What are the anticipated cash inflows for the last quarter of 2014? Tne armount cOllecteu in January is : (Rounu to une nearest doliar.) The amount collected in February is $. (Round to the nearest dollar.) The amount not collected is $ . (Round to the nearest dollar.) Given the December sales of $2,009,000, The amount collected in December is S (Round to the nearest dollar.) The amount collected in January is $ (Round to the nearest dollar.) The amount collected in February is S. (Round to the nearest dollar.) The amount collected in March is $. (Round to the nearest dollar.) The amount not collected is $ (Round to the nearest dollar.) The receipts for October are S (Round to the nearest dollar.) The receipts for November are $ (Round to the nearest dollar.) The receipts for December are $. (Round to the nearest dollar.)

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

ChapterMB: Model-building Problems

Section: Chapter Questions

Problem 22M