ted sales to be P260,000 in June, P 270,000 in July and P300,000 in August. Hawaii collects 30% of a month’s sales in the month of sale, 50% in the month following the sale and 20% in the second month following the sale.

Q: Office World Inc. has "cash and carry" customers and credit customers. Office World estimates that…

A: WORKING NOTE : 1) The cash sales for any month will be: 0.20 * Sales of that month. 2) Cash…

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

A: A cash receipt is a proof which is received by a customer when a product or service is purchased…

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: Torres Co. forecasts merchandise purchases of $15,800 in January, $18,600 in February, and $20,200…

A:

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

A: Cash collected means total cash received from :- (i) Cash sales  (ii) Cash received from debtors.…

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: Magenta Corporation has the following sales forecasts for the selected three-month period for the…

A: Cash Budget: Cash Budget is a schedule to record cash inflows and outflows over a period with a view…

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 the sales in which the corporation does not get the receipts from the sales of…

Q: A firm has projected sales in May, June, and July of P10,000, P20,000, and P30,000, respectively.…

A: Usually, the Firm needs to assess the cash position to assess the cash requirement from time to…

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: Earthie’s Shoes has 55% of its sales in cash and the remainder on credit. Of the credit sales, 70%…

A: The cash receipts are different from the sales revenue because some part of sales are made in cash…

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: Dolittle and Dalley has $4,000 in purchases for January and $5,000 in purchases for February. It…

A: January month accounts receivable =   January sales ×  ( 100 % - percentage collected in the month…

Q: Dolittle and Dalley has $4,000 in purchases for January and $6,000 in purchases for February. It…

A: Total Cash payments for inventory  in February  = (Purchases for February ×70%) + (Purchases of…

Q: Nazmi Shah Sdn Bhd wishes to expand its business by opening an additional two more stores and needs…

A: Working Note #1 Statement  of cash collection Description Month   November December January…

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: 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: The Palos Company expects sales for June, July, and August of $48,000, $54,000, and $44,000,…

A: Credit sales: Sales are made to customer but payment will be delayed to a future date. Formulas:

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: 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: The management of Marigold Industries estimates that credit sales for August, September, October,…

A: The cash collection is done as per the collection schedule.  Collection for October include 25% of…

Q: The following are expected sales figure of ABC Ltd. Month January February March April OMR OMR OMR…

A: Expected Cash collection for March=60%×Sale of Feb.+40%×Sale of…

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

A: Lets understand the basics. Management calculates the cash inflow and outflow so as to understand…

Q: Wildcat, Incorporated, has estimated sales (in millions) for the next four quarters as follows: Q3…

A: The question is based on the concept of Cost Accounting.

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

A: In the given question, it is specified that 65% of credit sales of a month are collected in that…

Q: NUBD Company is developing a forecast of March 2021 cash receipts from credit sales. Credit sales…

A: Accounts receivable from January sales = Beginning accounts receivable x 1/4 = 300000*1/4 = P75,000…

Q: The management of Huges Co. estimates that credit sales for January, February, March and April will…

A: Given, January Sales is $180,000 February Sales is $210,000 March Sales is $230,000 April Sales is…

Q: If sales for January are $10,000 and sales for February are $20,000 and all sales are credit sales…

A: The collection is done in the month following the sale. Means, Sale of January is collected in…

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: 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: Carson Ltd. has prepared the following 2021 projections for its beverage company: Sales Month Cash…

A:

Q: If a firm had credit sales of $1,550,000 for March and collected its sales 30% in the month of sale…

A: March sales collected in March = Credit March sales x 30%

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

A: The cash receipts during period consists of receipts from current sales and receipts from past…

Q: Earthie's Shoes has 55% of its sales in cash and the remaining 45% are credit sales. Of the credit…

A: Collection in June will be: Cash sales of June. 70% of credit sales of June. 15% of credit sales of…

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

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.…