Entries by davie

ABC company has sales forecasts of the following: January = $40,000;

ABC company has sales forecasts of the following: January = $40,000; February = $65,000; March = $52,850.  All sales are on account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the second month following, and 5% uncollectible.  What are the cash receipts for March?

ABC company has sales forecasts of the following: January = $40,000;

ABC company has sales forecasts of the following: January = $40,000; February = $65,000; March = $52,850. All sales are on account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the second month following, and 5% uncollectible. If the total cash receipts for March equal $48,250, […]

Assume the following information for the month of August.

Assume the following information for the month of August.  June sales = $40,000; July sales = $65,000; August sales = $52,850.  All sales are on an account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the second month following, and 5% uncollectible.  The beginning cash balance […]

calculate the DuPont model given the following information

calculate the DuPont model given the following information:YEAR ONE:  cash-$16,080; accounts receivable-$9,500; prepaid-$3,150; supplies-$675; equipment-$25,200; accumulated depreciation (equipment)-$8,150 YEAR TWO: cash-$20,000; accounts receivable-$15,000; prepaid-$1175; supplies-$2675; equipment-$89,0857; accumulated depreciation (equipment)-$36,800 Additional year two data:  Equity-$82,600; net sales-$325,000; net income-$56,824 Assume sales revenue and net sales are the same.  Leave as a decimal to two places.

shows the computation of cash collections

Units Dollars   April (actual) 8,000 $1,440,000   May (actual) 2,800 504,000   June (budgeted) 7,500 1,350,000   July (budgeted) 7,500 1,350,000   August (budgeted) 4,100 738,000 ; All sales are on credit. Recent experience shows that 26% of credit sales is collected in the month of the sale, 44% in the month after the sale, 26% in the second […]

Format the paper consistent with APA guidelines Include at least four peer reviewed references Website based reference only provide links.

Format the paper consistent with APA guidelines. Include at least four peer-reviewed references. Website based reference only, provide links. Write a 1,400- to 1,750-word paper identifying and evaluating the constitutional safeguards provided by the 4th, 5th, and 6th Amendments to the United States Constitution as they apply to both adult and juvenile court proceedings. Discuss […]

ABC Company has sales forecasts of the following

ABC Company has sales forecasts of the following: January= $40,000; February = $65,000; March =$52,580. All sales are on account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the second month following, and 5% uncollectable. What are the cash receipts for March?