What is Emersyn's expected accounts receivable balance on the June 30th balance sheet?a. $20,400b. $70,380c. $90,780d. $106,800How much cash does Emersyn expect to collect this quarter (April, May, and June) from allsales?a. $37,950b. $63,750c. $149,725d. $265,935 Emersyn IndustriesEmersyn Industries makes Elsa dolls. Emersyn likes to have 20% of the next month's sales needs inending finished goods inventory. Each doll requires 1.5 yards of fabric that costs Emersyn $0.50 peryard. Emersyn requires that ending inventory of direct materials (fabric) on hand at the end of eachmonth be equal to 40% of the following month's production needs.From past experience, the company has learned that 15% of the company's sales are for cash. Theremaining sales are made on credit with 10% collected in the month of sale, 60% collected in the monthfollowing the sale, and 30% in the second month following the sale. The following data was taken fromEmersyn's master budget:FebruaryMarchAprilMayJuneExpected Production Units6,9408,20010,4008,2409,660Expected Sales Units6,8007,50011,0008,0009,200Expected Sales $$68,000$75,000$110,000$80,000$92,000

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What is Emersyn's expected accounts receivable balance on the June 30th balance sheet? a. $20,400 b. $70,380 c. $90,780 d. $106,800

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 12Q: Berry Farms has an accounts receivable balance at the end of 2018 of $425,650. The net credit sales...

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Question

What is Emersyn's expected accounts receivable balance on the June 30th balance sheet?
a. $20,400
b. $70,380
c. $90,780
d. $106,800
How much cash does Emersyn expect to collect this quarter (April, May, and June) from all
sales?
a. $37,950
b. $63,750
c. $149,725
d. $265,935

Emersyn Industries
Emersyn Industries makes Elsa dolls. Emersyn likes to have 20% of the next month's sales needs in
ending finished goods inventory. Each doll requires 1.5 yards of fabric that costs Emersyn $0.50 per
yard. Emersyn requires that ending inventory of direct materials (fabric) on hand at the end of each
month be equal to 40% of the following month's production needs.
From past experience, the company has learned that 15% of the company's sales are for cash. The
remaining sales are made on credit with 10% collected in the month of sale, 60% collected in the month
following the sale, and 30% in the second month following the sale. The following data was taken from
Emersyn's master budget:
February
March
April
May
June
Expected Production Units
6,940
8,200
10,400
8,240
9,660
Expected Sales Units
6,800
7,500
11,000
8,000
9,200
Expected Sales $
$68,000
$75,000
$110,000
$80,000
$92,000

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