Business, 05.02.2020 13:45 Happypuppy1918

Gem service anticipates the following sales revenue over a five-month period: (click the icon to view the sales data.) the company's sales are 30 % cash and 70 % credit. its collection history indicates that credit sales are collected as follows: (click the icon to view the collections data.) how much cash will be collected in january? in february? in march? for the quarter in total? complete the cash budget to determine how much cash will be collected in january, february, march and for the quarter in total. (round your answers to the nearest whole dollar.) gem service cash collections budget for the months of january through march january cash sales $4,620 collection of credit sales: 20% month of sale 3080 40% month after 5120 30% two months after 4260 total cash collections 17080

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 04:00, elijahcraft3

Wallis company manufactures only one product and uses a standard cost system. the company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. all of the company's manufacturing overhead costs are fixed—it does not incur any variable manufacturing overhead costs. the predetermined overhead rate is based on a cost formula that estimated $2,886,000 of fixed manufacturing overhead for an estimated allocation base of 288,600 direct labor-hours. wallis does not maintain any beginning or ending work in process inventory.

Answers: 2

continue

Business, 22.06.2019 05:30, themaster66644

Financial information that is capable of making a difference in a decision is

Answers: 3

continue

Business, 22.06.2019 07:00, glizbethh00

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

Answers: 1

continue

Business, 22.06.2019 16:00, leo4687

Advanced enterprises reports year-end information from 2018 as follows: sales (160,250 units) $968,000 cost of goods sold 641,000 gross margin 327,000 operating expenses 263,000 operating income $64,000 advanced is developing the 2019 budget. in 2019 the company would like to increase selling prices by 14.5%, and as a result expects a decrease in sales volume of 9%. all other operating expenses are expected to remain constant. assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. should advanced increase the selling price in 2019?

Answers: 3

continue

You know the right answer?

Gem service anticipates the following sales revenue over a five-month period: (click the icon to vi...