Chocolate Co. reports the following information from its sales budget: ​ Expected sales:
July $ 90,000 ​
August 104,000 ​
September 120,000 ​ ​
Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is:
A. $ 78,000
B. $ 108,000
C. $ 120,000
D. $ 130,500
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Chocolate Co. reports the following information from its sales budget: ​ Expected sales: July $ 90,000 ​ August 104,000 ...” 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
The managers at Camphor Plastics decided that their firm needed to diversify because of overall falling sales and lower performance in one sector. How does diversifying compensate for the lackluster performance in this sector A.
Answers (1)
First National Bank (bank a) charges an APR of 13.1 percent compounded monthly on its business loans. First United Bank (bank b) charges an APR of 13.3 percent compounded semiannually.
Answers (1)
Newhard Company assigns overhead cost to jobs on the basis of 111% of direct labor cost. The job cost sheet for Job 313 includes $27,656 in direct materials cost and $10,400 in direct labor cost. A total of 1,550 units were produced in Job 313.
Answers (1)
Allowance for Doubtful Accounts has a credit balance of $500 at the end of the year (before adjustment), and uncollectible accounts expense is estimated at 3% of net sales.
Answers (1)
A severe freeze has once again damaged the florida orange crop. the impact on the market for oranges will be a leftward shift in a. the supply curve. b. the supply curve and a rightward shift in the demand curve, which will result in a higher price.
Answers (1)
New Questions in Business
During the year, total liabilities increased $105,000 and stockholders' equity decreased $83,000. What is the amount of total assets at the end of the year?
Answers (1)
What is cosideration
Answers (1)
With the federal funds rate near zero and the economy still struggling, the Fed began buying 10-year Treasury notes and certain mortgage-backed securities to keep interest rates low. This policy is known as
Answers (1)
Sugar, Inc. sells $529,300 of goods during the year that have a cost of $428,600. Inventory was $30,083 at the beginning of the year and $34,338 at the end of the year.
Answers (2)
Assume that Jack and Hal and Sophia enter into a contract for the sale of the restaurant. Hal and Sophia, for their own protection, put a clause in the contract that says the sale is contingent upon an independent appraisal indicating that the
Answers (2)