Question

Bonita Industries estimates its sales at 190000 units in the first quarter and that sales will...

Bonita Industries estimates its sales at 190000 units in the first quarter and that sales will increase by 15000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $35. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale.

Cash collections for the third quarter are budgeted at

$7605500.
$6314000.
$8778000.
$4371500.
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

For any clarification, please comment.

Thank you.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Bonita Industries estimates its sales at 160000 units in the first quarter and that sales will...
Bonita Industries estimates its sales at 160000 units in the first quarter and that sales will increase by 27000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $25. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at $2981500. $4387000. $5228500. $6613938.
Swifty Corporation estimates its sales at 190000 units in the first quarter and that sales will...
Swifty Corporation estimates its sales at 190000 units in the first quarter and that sales will increase by 11000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $25. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at A. 5250500 B. 3024500 C....
Swifty Corporation estimates its sales at 140000 units in the first quarter and that sales will...
Swifty Corporation estimates its sales at 140000 units in the first quarter and that sales will increase by 13000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $35. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at
Crane Company estimates its sales at 80000 units in the first quarter and that sales will...
Crane Company estimates its sales at 80000 units in the first quarter and that sales will increase by 8000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $25. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at $2736000. $2364000. $1356000. $1968000.
Sheridan Company estimates its sales at 150000 units in the first quarter and that sales will...
Sheridan Company estimates its sales at 150000 units in the first quarter and that sales will increase by 15000 units each quarter over the year. They have, and desire, a 25% ending inventory the current month’s sales. Each unit sells for $25. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Production in units for the third quarter should be budgeted at
Dolce Co. estimates its sales at​ 180,000 units in the first​ quarter, 198,000 units in the...
Dolce Co. estimates its sales at​ 180,000 units in the first​ quarter, 198,000 units in the second​ quarter, 216,000 units in the third​ quarter, and ​ 234,000 units in the fourth quarter. They​ have, and​ desire, a​ 25% ending inventory of finished goods. Each unit sells for​ $25. 40% of the sales are for cash.​ 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Accounts Receivable at the end of the...
Sheridan Company estimates its sales at 160000 units in the first quarter and that sales will...
Sheridan Company estimates its sales at 160000 units in the first quarter and that sales will increase by 10000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $35. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale Cash collections for the third quarter are budgeted at $5166000. $6237000. $3591000. $7182000. 2....
14. A company estimates its sales at 180,000 units in the first quarter and that sales...
14. A company estimates its sales at 180,000 units in the first quarter and that sales will increase by 18,000 units each quarter over the year. Each unit sells for $50. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remaining 30% is received in the quarter following the sale. Cash collections for the third quarter are budgeted at a. $6,102,000. b. $8,856,000. c. $10,638,000. d. $12,312,000.
Starfish Industries’ sales budget for the first quarter of the upcoming year shows budgeted sales of...
Starfish Industries’ sales budget for the first quarter of the upcoming year shows budgeted sales of $325,000, $350,000, and $310,000 in January, February, and March, respectively. All sales are made on credit. The cash receipts budget for March shows total cash receipts equal to $296,780. Starfish grants a discount to customers who pay within 10 days of the invoice. Starfish collects 60% of sales within the discount period, 20% in the month of sale but outside the discount period, 15%...
ABC Company has budgeted sales for the next six months as follows: Budgeted Sales in Units...
ABC Company has budgeted sales for the next six months as follows: Budgeted Sales in Units March 13,000 units April 27,000 units May 34,000 units June 10,000 units July 48,000 units August 69,000 units ABC Company sells its inventory to customers for $21 per unit. 30% of the company's sales are cash sales and the other 70% of sales are made on account. The sales on account are collected in the pattern: 35% collected in the month of sale 26%...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT