Here is a forecast of sales by National Bromide for the first 4
months of 2019...
Here is a forecast of sales by National Bromide for the first 4
months of 2019 (figures in thousands of dollars):
Month:
1
2
3
4
Cash sales
31
40
34
30
Sales on credit
180
200
170
150
On average, 50% of credit sales are paid for in the current
month, 30% in the next month, and the remainder in the month after
that. What are the expected cash collections in months 3 and 4?
(Enter your answers in...
Here is a forecast of sales by National Bromide for the first 4
months of 2017...
Here is a forecast of sales by National Bromide for the first 4
months of 2017 (figures in thousands of dollars):
Month:
1
2
3
4
Cash sales
29
38
32
28
Credit sales
170
190
160
140
On average, 50% of credit sales are paid for in the current
month, 30% in the next month, and the remainder in the month after
that. What are the expected cash collections in months 3 and 4?
(Enter your answers in whole...
Here is a forecast of sales by National Bromide for the first 4
months of 2017...
Here is a forecast of sales by National Bromide for the first 4
months of 2017 (figures in thousands of dollars): Month: 1 2 3 4
Cash sales 30 39 33 29 Credit sales 175 195 165 145 On average, 60%
of credit sales are paid for in the current month, 20% in the next
month, and the remainder in the month after that. What are the
expected cash collections in months 3 and 4? (Enter your answers in
whole...
Here is a forecast of sales by XYZ Inc. for the first 4 months
of 2018...
Here is a forecast of sales by XYZ Inc. for the first 4 months
of 2018 (figures in
thousands of dollars):
Month 1 2 3 4
Cash sales 15 24 18 14
Sales on credit 100 120 90 70
On average, 50% of credit sales are paid for in the current
month, 30% in the next
month, and the remainder in the month after that. What are the
expected cash
collections in months 3 and 4?
National Beverage Company anticipates the following
first-quarter sales for 2015: $1,808,000 (January), $1,669,000
(February), and $2,157,000...
National Beverage Company anticipates the following
first-quarter sales for 2015: $1,808,000 (January), $1,669,000
(February), and $2,157,000 (March). It posted the following
sales figures for the last quarter of 2014: $1,843,000
(October), $ 2,033,000 (November), and $ 2,107,000 (December).
The company sells 38% of its products on credit; 62% are cash
sales. The company collects credit sales as follows: 29% in the
following month, 50% two months later, and 18% three months
later, with 3% defaults. What are the anticipated cash...
Develop a cash budget for the next two months using the
information provided below
Monthly sales...
Develop a cash budget for the next two months using the
information provided below
Monthly sales
forecast are $210,000 and $30,000 for the next two months
The current month's sales were
$140,000
80% of sales are collected in
the month of sale, with the remainder collected in the following
month
Cost of goods sold equal 70%
of sales
The monthly lease payment is
$75,000
The cash position at the end
of the current month is $70,000
The target cash balance...
Information pertaining to Noskey Corporation’s sales revenue
follows: November 2018 (Actual) December 2018 (Budgeted) January
2019...
Information pertaining to Noskey Corporation’s sales revenue
follows: November 2018 (Actual) December 2018 (Budgeted) January
2019 (Budgeted) Cash sales $ 120,000 $ 124,000 $ 76,000 Credit
sales 288,000 416,000 212,000 Total sales $ 408,000 $ 540,000 $
288,000 Management estimates 5% of credit sales to be
uncollectible. Of collectible credit sales, 60% is collected in the
month of sale and the remainder in the month following the month of
sale. Purchases of inventory each month include 70% of the next...
The following is the sales budget for Coore, Inc., for the first
quarter of 2019:
January...
The following is the sales budget for Coore, Inc., for the first
quarter of 2019:
January
February
March
Sales budget
$142,000
$159,000
$174,000
Credit sales are collected as follows:
70 percent in the month of the sale
25 percent in the month after the sale
5 percent in the second month after the sale
The accounts receivable balance at the end of the previous
quarter was $70,150 ($61,200 of which was uncollected December
sales).
a.
Compute the sales for November....
Depotissimo " , has predicted the following sales for the first
four months of 2015
January...
Depotissimo " , has predicted the following sales for the first
four months of 2015
January
$ 6,000
March
$ 15,000
February
$ 11,000
April
$ 17,000
Monthly purchases of raw materials accounts for 60 % of sales
forecast for the next month.
Of total raw material purchases , payments are 60% in cash in
the same month and 40% on credit. Of credit purchases 70% is paid
in the following month and 30% is paid in two months.
Predicted...
Depotissimo " , has predicted the following sales for the first
four months of 2015
January...
Depotissimo " , has predicted the following sales for the first
four months of 2015
January
$ 7,000
March
$ 15,000
February
$ 12,000
April
$ 18,000
Monthly purchases of raw materials accounts for 50 % of sales
forecast for the next month.
Of total raw material purchases , payments are 50% in cash in
the same month and 50% on credit. Of credit purchases 70% is paid
in the following month and 30% is paid in two months.
Predicted...