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
Martinez Corp. has 7,900 shares of common stock outstanding. It declares a $5 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31.
Answers (1)
An offer has been presented to the sellers of a property. they ask their agent to change the terms through a counter proposal. the seller's agent prepares the counter proposal and delivers it to the buyer's agent.
Answers (1)
What do we hope to capture within a confidence interval?
Answers (1)
In the united states the process of mate selection is essentially random a. True b. False
Answers (1)
Storm, Inc. purchased the following available-for-sale securities during 2016, its first year of operations: Name Number of Shares Cost Dust Devil, Inc. 1,900 $81,700 Gale Co. 850 68,000 Whirlwind Co.
Answers (1)
New Questions in Business
Macrosoft Company reports net income of $65,000. The accounting records reveal depreciation expense of $80,000 as well as increases in prepaid rent, accounts payable, and income tax payable of $60,000, $12,000, and $18,000, respectively.
No Answers
Hornberger, Inc. recently paid a dividend of $2.00 per share. The next dividend is expected to be $2.05 per share. Hornberger has a return on equity of 11.00%. What percentage of its earnings does Hornberger plow back into the firm?
Answers (1)
A tip of $10 is best for which kind of service? A. a mover who delivers furniture to your new home B. a valet who parks your car at a restaurant C. a waiter at a fast-food restaurant
Answers (2)
Sunland Company manufactures and sells high-priced motorcycles. The Engine Division produces and sells engines to other motorcycle companies and internally to the Production Division.
Answers (1)
Adamson Company manufactures four lines of garden tools. As a result of an activity analysis, the accounting department has identified eight activity cost pools.
Answers (1)