The ABC Corporation makes collections on sales according to the following schedule:
50% in month of sale
47% in month following sale
3% in second month following sale
The following sales have been budgeted:
Sales
April $ 200,000
May $ 170,000
June $ 160,000
Budgeted cash collections in June would be:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The ABC Corporation makes collections on sales according to the following schedule: 50% in month of sale 47% in month following sale 3% in ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Lee Company has a current ratio of 2.65. The acid test ratio is 2.01. The current liabilities of Lee are $45,000. The dollar amount of merchandise inventory is: (Assume no prepaid expenses) $28,008 $28,800 $90,450 $90,540 None of these
Answers (1)
Conversion costs are a. direct materials and factory overhead b. direct materials and indirect labor c. direct materials and direct labor d. factory overhead and direct labor
Answers (1)
In 2015 Huge-Packing repurchased shares of common stock worth $5,241 million and made dividend payments of $894 million. Other financing activities raised $196 million, and Huge-Packing's total cash flow from financing was - $6,077 million.
Answers (1)
The market for plywood is characterized by the following demand and supply equations: QD = 800 - 10P and QS = 50P - 1,000, where P is the price per sheet of plywood and Q measures the quantity of plywood.
Answers (1)
Compare and contrast weak sustainability and strong sustainability. discuss how a policymaker might decide which sustainability concept to use
Answers (1)
New Questions in Business
Headings in reports that describe the content of the section and may even give a conclusion about the section are called:
Answers (1)
Coronado Company purchased land for $80,000. The company also paid $12,000 in accrued taxes on the property, incurred $5,000 to remove an old building, and received $2,000 from the salvage of the old building.
Answers (1)
Trueview video ads can be especially effective for driving what goals?
Answers (1)
There are three factors that can affect the shape of the Treasury yield curve (r*t, IP_t, and MRP_t) and five factors that can affect the shape of the corporate yield curve (r*t, IP_t, MRPt, DRP_t, and LP_t).
Answers (1)
Alyson is an employee at Who'd of Thunk It Games, a company that was just purchased by a competitor. The goals set forth by the new management team are extremely ambitious and are placing seemingly insurmountable goals for the employees.
Answers (1)