Question: Can someone explain how this answer was received 67. A company has projected the following sales for the spring quarter of 2014: April $200,000 May

Can someone explain how this answer was received 67. A company

Can someone explain how this answer was received

67. A company has projected the following sales for the spring quarter of 2014: April $200,000 May $250,000 June $275,000 65% of all sales are paid for with cash. The remainder is on credit. The pattern for credit receivables collections are: Month of Sale 60% Month After Sale 30% Second Month After Sale 10% What are the forecasted cash collections for the month of June? Your Correct Answer Answer $178,750 $248,750 $269,750 $275,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Question ! 32 Marks (58 Minutes) The following represents the abridged financial statements of Plate Lid and its subsidiary Spoon Lad: STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 2017 Plate...

Need ONLY an answer to Part C, step 1, questions 1 and 3. Term Project Part A: Understanding Financial Statements Locate and use an annual report STEP 1: The Company Assigned to you Find the most...

It is Snapchat A which is found in your course pack. You are to turn in an excel a) excel spreadsheet with formulas for calculations. The spreadsheet should show cash flow, WACC calculation, firm...

Answers must be between 200-250 words only. Need for the answer to stay within the guidelines and not be copied directly from another source. Universal Life Policy Worksheet FIN/428 Version 1...

Read the following sample life insurance policies: Universal Life Whole Life Complete the worksheets for each sample policy. Universal Life Policy Worksheet FIN/428 Version 1 University of Phoenix...

Need a sample answer for part C. Looking for a tutor to answer this question for the tutor credits I have. Would be a great help if someone would work with this price. Thanks a lot, really appreciate...

I need, I am working on GENERAL ELECTRIC AND UNITED TECHNOLOGIES CORP, I need help GE and UTC Financial Statements Forecast for the next 5 year using the attachment. Throughout this course you will...

Complete the following problems from Chapter 12 in Financial Management: Theory and Practice : Chapter 12: Topics: Additional Funds Needed, Forecasted Statements and Ratios, Financing Deficits...

Suggest the pixel levels of a 3 x 3 image that has 8 greyscale levels, whose cumulative histogram grows linearly and saturates at 21 at a greyscale level of 5. Explain briefly.

What is a process? Provide an example that illustrates the definition.

P6.9 (LO 4) (Comprehensive Receivables Problem) Braddock Inc. had the following long-term receivable account balances at December 31, 2024. Note receivable from sale of division $1,500,000 Note...

Case Study: The first-ever branch of a major American supermarket is set to open in Kuwait. They've researched the market and feel they'll have a lot of potential here. One issue they found is that...

6. Give three examples that nothing (doing nothing) can function as a cause.

2. To store it and

3. Give three examples from your own everyday life where a piece of communi-cation is structured into a linear sequence, i.e. B is the cause of A.