DL Inc. has the following budgeted sales: January $145000, February $280000, and March $150000. 40% of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
DL Inc. has the following budgeted sales: January $145000, February $280000, and March $150000. 40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts for March are? DL Inc. has the following budgeted sales: January $145000, February $280000, and March $150000. 40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts for March are?
Expert Answer:
Answer rating: 100% (QA)
To calculate the total expected cash receipts for March we need to consider the cash and credit sale... View the full answer
Related Book For
Managerial Accounting Creating Value in a Dynamic Business Environment
ISBN: 978-1259569562
11th edition
Authors: Ronald W. Hilton
Posted Date:
Students also viewed these accounting questions
-
Astor Manufacturing has the following budgeted sales: January $120,000, February $180,000, and March $150,000. 40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are...
-
A company determined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 80,000 units on hand, the sales department budgeted sales of 300,000 units in June, and the...
-
TFS Corporation, a retail company selling hotel furniture, has just completed its master budget for the next fiscal year. Ending inventory is budgeted at 20% of cost of goods available for sale....
-
Students will present a draft IMC strategy for a start-up company and be asked to analyze its potential effectiveness, identifying gaps and making recommendations for improvement of the strategy....
-
Develop, debug, and test a program in either a high-level language or macro language of your choice to multiply two matrices that is, [X] = [Y] [Z], where [Y] is m by n and [Z] is n by p. Test the...
-
You are the HR director of Moore Markets, a grocery retailer that is in the process of overseas expansion. The company is U.S. based and just opened up several stores and branch offices in Mexico,...
-
Unless otherwise specified, which rule will always be processed?
-
Adria Lopez, owner of Success Systems, decides to diversify her business by also manufacturing computer workstation furniture. Required 1. Classify the following manufacturing costs of Success...
-
Discuss five Indirect or direct environmental issues of database management system. - discuss five Positive or negative economic effects of database management system.
-
For the circuit in Fig. 2.95, determine i1 to i5. Figure 2.95 For Prob. 2.31 3 ( 2 --> i 13 12 40 V
-
Discuss an example where an effort to increase organizational effectiveness was successful?
-
How does the PCAOB define the term "specialist"? 2. Provide examples of activities that require the use of specialists. 3. Describe the four ways that auditors can use specialists. Your response...
-
Rodriquez Corporation issued a $ 425 comma 000 , 4 %, 10 -year bond payable on January 1, 2025 . Journalize the payment of the bond payable at maturity. (Give the date.) (Assume that the final...
-
1. Consider the following data for Company Y: Balance Sheet Balance Sheet as of: Dec 31 2018 Dec-31-2019 Currency Million USD Million USD ASSETS Cash and Short Term Investments 2.5 2.1 Accounts...
-
On each occasion, complete the following actions to prepare to collect data: 1. Consult with relevant personnel to confirm the task requirements. 2. Identify the source data. This must include at...
-
Provide an example of a Safe Work Australia Code of Practice that relates to safe design and outline its purpose. Include the website link to the Code of Practice. 2. Provide an example of Safe Work...
-
how to get left equation to the right one 1-yexy Xexy +1
-
Federated Shipping, a competing overnight delivery service, informs the customer in Problem 65 that they would ship the 5-pound package for $29.95 and the 20-pound package for $59.20. (A) If...
-
CollegePak Company produced and sold 60,000 backpacks during the year just ended at an average price of $20 per unit. Variable manufacturing costs were $8 per unit, and variable marketing costs were...
-
Refer to the data given in the preceding two exercises. In the preceding two exercises Refer to the preceding exercise. The divisional controller at Spectrum Sound's St. Louis Division has estimated...
-
"We really need to get this new material-handling equipment in operation just after the new year begins. I hope we can finance it largely with cash and marketable securities, but if necessary we can...
-
Meet with the person you interviewed in mini case 1 and present them with the design prototype you created. Get their feedback on the design. Do they like it? Could they navigate the pages? What...
-
So far, we've researched the viewpoints of leaders in the field of information presentation and human interface design for computer systems. What about experts in other areas? a. Find and interview...
-
On the human factors and human engineering issues in user interface design. The spirt of the discussion is that it is imperative that we understand the people who will be using the system and that we...
Study smarter with the SolutionInn App