FREE Trial

Prexley Ltd has forecast sales of R480 000 in January, R440 000 in February, R360 000 in March and R400

Question:

Prexley Ltd has forecast sales of R480 000 in January, R440 000 in February, R360 000 in March and R400 000 in April. Cash sales comprise 20% of monthly sales. Debtor receivable payments average 70% in the month after sale and the balance in the next month. Calculate the budgeted cash receipts for April resulting from sales.

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!

Step by Step Answer:

Answer rating: 100% (3 reviews)

To calculate the budgeted cash receipts for April resulting from sales we need to consider the diffe…View the full answer


answer-question
Answered By
tutor-profile-image
Sayee Sreenivas G B
I have extensive tutoring experience, having worked as a private tutor for over three years. I have tutored students from different academic levels, including high school, undergraduate, and graduate levels. My tutoring experience has taught me to be patient, attentive to student needs, and effective in communicating difficult concepts in simple terms. I have a strong background in statistics, probability theory, data analysis, and data visualization. I am proficient in using statistical software such as R, Python, and SPSS, which are commonly used in academic research and data analysis. Additionally, I have excellent communication and interpersonal skills, which enable me to establish rapport with students, understand their learning styles, and adapt my teaching approach to meet their needs. I am passionate about teaching and helping students achieve their academic goals.
0.00 0 Reviews 10+ Question Solved
Related Book For  answer-question
Fundamental Accounting

Fundamental Accounting

ISBN: 9781485112112

7th Edition

Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit

See More Books
Question Details
Chapter # 27- PLANNING AND BUDGETING
Section: Questions
Problem: 5
View Solution
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Question Posted: August 30, 2023 08:57:16
See More Questions

Students also viewed these Business questions

Q:
Delta Company Products, a rapidly growing distributor of home gardening equipment, is formulating its plans for 2014. Jewel Cairn, the firms marketing director, has completed the following sales...
A:
1 Cash Recelpts Budget April May June Quarter Cash......
Q:
Rasa Pty Ltd is a newly created company that intends to import dulamak from West Sumatra in Indonesia, which it will sell to furnishing retailers. Dulamak are ornately embroidered cloth squares that...
A:
An Initial Cash Budget for the First 6 Months of Operation August to January July Aug Sep Oct Nov Dec Jan Beginning Cash Balance 0 50 000 58 000 70 800 86 000 93 600 102 800 Cash Receipts Collections......
Q:
Jim Daniels Health Products has eight stores. The firm wants to expand by two more stores and needs a bank loan to do this. Mr. Hewitt, the banker, will finance construction if the firm can present...
A:
Jim Daniels Health Products Cash Receipts Schedule November December January February March April Sa......
Q:
You have been asked, as a consultant, by the chief compliance officer of a multi-facility health system to assist in evaluating the organizations current enterprise-wide coding compliance plan for...
A:
When evaluating and recommending processes for compliance with laws and standards related to coding and revenue cycle in a multi facility health system it s crucial to involve various stakeholders and......
Q:
Using the information in Problem 9-61 above, complete the following. In Problem 9-61, Babbott Bicycle Company (BBC) is a high-end manufacturer of bicycles. Its products are sold in specialty retail...
A:
In contrast to problem 9 61 which treats inspection setup and materials handling costs as fixed costs the following considers them batch related and s......
Q:
An auto dealership is running a promotional deal whereby they will replace your tires free of charge for the life of the vehicle when you purchase your car from them. You expect the original tires to...
A:
New tires every two years EOY 2 4 6 8 10 P 400 A F 12 2 P......
Q:
In the circuit of Fig. 4-63(a), find and plot the voltage transfer ratio V 2 /V 1 . The diode is ideal. V (1+) R www 0.6 V (a) + V
A:
Click to View...
Q:
Ruhe Auto Supplies began operations in 1998. The company's inventory purchases and sales in the first and subsequent years of operations are as follows: The company's federal income tax rate is 30...
A:
a Ending Inventory 12 31 2011 LIFO layers 1998 4 000 units x 5 per unit 20 000 b Ruhe Auto Supplies......
Q:
2.) Let f() be a function defined on the positive integers. For some fixed unknown positive integer n, f(x)= -1 = 0 1 for 1 n. (1) Assume a single call to f() takes unit time. 1. Give a very simple...
A:
Solution to Problem 2 1 Simple algorithm to find n in O n time def find n f for x in range 1......
Q:
Hydro Ltd normally produces and sells 26 000 units of its product each month. In addition to these, it has the capacity to produce and sell on special order, another 4 000 units at a price of R87.50...
A:
To calculate the average full cost per unit for the normal production of 26 000 units we can use the......
Q:
Mazisto Ltd wants to increase its R120 000 cash balance by 20% during the budget period. Projected cash inflows and outflows are, respectively, R748 000 and R762 000. Calculate the amount that will...
A:
To calculate the amount that will be required in a short term loan to achieve the......
Q:
A 20-year-old student decided to set aside $100 on his 2pt birthday for investment. Each subsequent year through his 55th birthday, he plans to increase the sum for investment on a $100 arithmetic...
A:
P 20 100 P A 12 35 100 P......
Q:
Behavioral chaindefine it and diagram a dining-table example.
A:
Click to View...
Q:
Pick your favorite computer language and write a small program. After compiling the program, see if you can determine the ratio of source code instructions to the machine language instructions...
A:
Click to View...
Q:
Suppose a computer uses 4-bit ones complement representation. Ignoring overflows, what value will be stored in the variable j after the following pseudocode routine terminates. 0j // Store 0 in j. -3...
A:
Click to View...
Q:
Write an appropriate Lewis structure for each compound. Make certain to distinguish between ionic and molecular compounds. a. Al 2 O 3 b. ClF 5 c. MgI 2 d. XeO 4
A:
Click to View...
Q:
The following equilibrium is established in a closed container: Set up a table like the one that follows and indicate whether equilibrium concentrations increase, decrease, or remain the same. C(s) +...
A:
Click to View...
Q:
Understanding real world annual reports Required Use the Topps Companys annual report in Appendix B to answer the following questions. a. What was Topps gross margin percentage for 2006 and 2005? b....
A:
a Gross Profit Sales Gross Profit 2006 95 784 293 838 32 6 2005 105 031 294 231 35......
Q:
The manager of a local convenience store is expanding his line of small toy items. To price these new items, the manager is looking at the prices being charged by competing retailers in his area. For...
A:
In today s world business is very much competitive People go for the prod......
Q:
Zulu, Inc., is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per unit. Sales (in units) are forecasted at 40,000 for January, 60,000 for...
A:
ZULU INC Budgeted Income Statement For Quarter Ended March 31 Sales note 1 3 750......
Q:
The production budget for Zink Company shows units to be produced as follows: July, 620; August, 680; September, 540. Each unit produced requires two hours of direct labor. The direct labor rate is...
A:
ZINK COMPANY Direct Labor Budget For July August and S......
Q:
Rad Co. provides the following sales forecast for the next four months: The company wants to end each month with ending finished goods inventory equal to 20% of next months sales. Finished goods...
A:
RAD CO Production Budget For April May and June April May June Next month s......
Artificial Evolution 7th International Conference Evolution Artificielle EA 2005 2006 Edition - ISBN: 3540335897 - Free Book