Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November, and
Question:
Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November, and December as follows:
Based on past experience, it is estimated that 40% of a month’s sales are collected in the month of sale, 50% are collected in the month following the sale, and 9% are collected in the second month following the sale.
Required:
Calculate the estimated cash receipts for September, October, and November.
Transcribed Image Text:
Actual: July ... August. Forecast: September... October .... November.. December... $294,000 315,000 342,000 282,000 366,000 321,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
Actual sales Sales forecast July August 294000 315000 Cash coll...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Flagstaff Co. has actual sales for July and August and forecast sales for September, October, November, and December as follows: Actual: July . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....
-
It is estimated that while world coffee prices hover around 50 per pound, production costs are around 80 per pound. According to a report issued in September 2002 by the relief agency Oxfam, prices...
-
It is estimated that over 90,000 students will apply to the top 30 M.B.A. programs in the United States this year. a. Using the concept of net present value and opportunity cost, explain when it is...
-
The voltage held by a voltage regulator follows a normal random variable with a mean that equals 200 volts and a standard deviation that equals 5 volts. A regulator meets the specifications if the...
-
What role do fraud examination and financial forensic skills have in the corporate governance area?
-
What is the difference between tactical and strategic decisions?
-
Following are observed frequencies. The null hypothesis is H0: p1 = 0.4, p2 = 0.25, p3 = 0.05, p4 = 0.1, p5 = 0.2. a. Compute the expected frequencies. b. Compute the value of X2. c. How many degrees...
-
Columbia Paper has the following stockholders equity account. The firms common stock has a current market price of $30 per share. Preferred stock .............$100,000 Common stock (10,000 shares at...
-
Warren Buffet'squotation,"Every important Yes Requires a Thousand Nos." What is your reaction to this statement? Do you see this applying to your professional and/or personal life? Why is it hard to...
-
Before being recirculated to a dryer, air at 96oF, 1 atm, and 70% relative humidity is to be dehumidified to 10% relative humidity. Cooling water is available at 50F. Determine a method for carrying...
-
Osage Inc. has actual sales for May and June and forecast sales for July, August, September, and October as follows: Required: a. The firms policy is to have finished goods inventory on hand at the...
-
ABC Company has a cash balance of $22,000 on August 1 and requires a minimum ending cash balance of $20,000. Cash receipts from sales budgeted for August are $306,180. Cash disbursements budgeted for...
-
Use the annual values for person-days lost in the truck-based transportation industry due to work stoppages. Find the indicated percentile, quartile, or decile. D9
-
Discuss the following factors that contribute to group conflict: (a) Work interdependence (b) Goal differences (c) Perceptual differences
-
The frequency of L1, and L2 are 1575.42 Mhz, and 1227.60 Mhz respectively. Compute their wavelengths
-
Chewy Chewy Apr 24 Let's send a message of gratitude to our pet care heroes. Veterinarians and vet professionals remain hard at work ensuring our pets receive the care they need. To celebrate,...
-
Nancy and Glenn are married. They have three children: Phil, Melinda, and Matt. Phil died in 2019, leaving two children: Amelia and Baker. Melinda died in 2018 leaving three children: Fran, Jan, and...
-
Discuss the practical value of the ATAR Model and describe applications of use. Is this a helpful tool? Why or why not? Use outside sources, to provide examples and best practices. provide me the...
-
A particular investment proposal has a positive net present value of $20 when a discount rate of 8 percent is used. The same proposal has a negative net present value of $2,000 when a discount rate...
-
If the jobs displayed in Table 18.24 are processed using the earliestdue-date rule, what would be the lateness of job C? TABLE 18.24 Processing Times and Due Dates for Five Jobs Job C D E...
-
Information about four investment proposals is summarized here: Required: Calculate the present value ratio of each proposal and indicate which proposal is the most desirableinvestment. Proposal 2. ...
-
The following capital expenditure projects have been proposed for management's consideration at Heard, Inc., for the upcoming budget year: Required: a. Calculate the net present value of projects B,...
-
Crichton Publications uses the accounting rate of return method to evaluate proposed capital investments. The companys desired rate of return (its cost of capital) is 18%. The project being evaluated...
-
Anyone who has sampled today's social media offerings has probably experienced this situation: You find a few fascinating blogs, a few interesting people to follow on Twitter, a couple of podcast...
-
Can you demonstrate your comprehension of the term o.d. on a prescription? and explain 2. Which physician guideline is necessary for a prescription to be legal? 3. Identify the crucial piece of...
-
You want to make sure your business has appropriately accounted for various liabilities such as Accounts Payable, Notes Payable, and Unearned Revenue for the month. During the month, the following...
Study smarter with the SolutionInn App