Question: D Question 8 2 pts Pixie Candy Co. reports the following information from its sales account and sales budget: Sales: May June July August

D Question 8 2 pts Pixie Candy Co. reports the following information

D Question 8 2 pts Pixie Candy Co. reports the following information from its sales account and sales budget: Sales: May June July August September Actual Actual Budgeted Budgeted Budgeted $105,000 $93,000 $90,000 $110,000 $120,000 Cash sales make up 25% of total sales and all credit sales are expected to be collected in the month following the date of sale. Based on this information from Pixie, compute the total amount of cash expected to be received from customers in September. Show your work. Check figure: $112,500

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!

The master budget includes: Group of answer choices Only operating budgets and financial budgets. Only a capital expenditures budget and a cash budget. Only a budgeted income statement and a budgeted...

Julia's Candy Co. reports the following information from its sales account and sales budget: SALES: May.......... $105,000 June......... 93,000 Expected Sales: July....... $90,000 August.........

Julia's Candy Co. reports the following information from its sales account and sales budget: Sales May $ 95,000 June 83,000 Expected Sales: July $ 80,000 August 100,000 September 110,000 Cash sales...

16 Webster Corporation is preparing a master budget for the first quarter. The company budgets production of 2,680 units in January, 2,600 units in February and 2,740 units in March. Each unit...

Magorium Company reports the following budgeted sales volumes for the next five months June July August September October 4,598 units 7,550 units 5,390 units 6,880 units 3,798 units Past experience...

D Question 8 2 pts Spotlight's Budgeted and Actual Sales and Average Sales Unit Prices for the months of July through November are listed below: BUDGETED AND ACTUAL SALES (in units) July August...

Weather Change, Co . reports the following information from its sales budget: Budgeted sales ( units ) July 1 8 , 0 0 0 August 1 9 , 2 0 0 September 2 0 , 4 0 0 October 2 1 , 8 0 0 November 2 4 , 1 0...

D Question 8 2 pts Big Watches Co. makes one product and it provided the following information to help prepare the master budget for its first four months of operations: The budgeted selling price...

1. Identify the true statement regarding budgets: A. The most common length of time for a budget is 18 months. B. The budget development process for the coming year usually starts several weeks...

1) Geneva Co. reports the following information for July: Sales $750,000 Variable costs 225,000 Fixed costs 100,000 Calculate the contribution margin for July. $525,000 $425,000 $650,000 $750,000 2)...

Which of the following accounting principle changes typically is reported prospectively? A. Changing inventory method from LIFO to FIFO. B. Changing inventory method from FIFO to LIFO. C. Changing...

Explain the advantages and disadvantages of using management assessment centers for selection.

Alexander Klimburg is concerned about the militarization of the Internet because:

A 3 m thick clay layer (c u = 60 kN/m 2 and = 19.0 kN/m 3 ) is underlain by a weaker clay (c u = 30 kN/m 2 and = 18.0 kN/m 3 ) to a large depth. A 2.0 m wide square foundation is placed at 1.5 m...

On January 1, Year 4, Par Company purchased all the outstanding common shares of Bayshore Company, located in California, for US$310,000. The carrying amount of Bayshores shareholders equity on...

Consider the differential equation where f(x) is the input and is a function of the output, x. If f (x) = sin x, linearize the differential equation for small excursions. [Section: 2.10] a. x = 0 b....

A certain company makes televisions, stereo units, and speakers. Its parts inventory includes chassis, picture tubes, speaker cones, power supplies, and electronics. The inventory, required...

1. When a manager puts Kwabena in a customer relations job because he has strong social needs and gives Sherrill lots of daily praise because she has strong ego needs, he is displaying. (a) Systems...

The number of states that have adopted the latest ABA model ethics rules is closest to: Question 7Select one: a. 15 b. 30 c. 40 d. 50 Question 8 Not yet answered Points out of 1 Flag question...

Describe the type of information that is documented in an issue log. How can you avoid spending too much time documenting and tracking issues? LO.1

What are some ways to manage a stakeholder relationship closely? Give examples of how you might manage relationships differently based on the unique personalities of different people. LO.1

After a series of large project disasters, what country is requiring people to complete a new academic program in project management before leading a large government project? a. Australia b. U.K. c....