Business, 24.03.2020 21:57 anayamulay
Problem 14-17 Preparing a sales budget and schedule of cash receipts LO 14-2 Benson Pointers Corporation expects to begin operations on January 1, 2019; it will operate as a specialty sales company that sells laser pointers over the Internet. Benson expects sales in January 2019 to total $290,000 and to increase 20 percent per month in February and March. All sales are on account. Benson expects to collect 66 percent of accounts receivable in the month of sale, 20 percent in the month following the sale, and 14 percent in the second month following the sale. Required Prepare a sales budget for the first quarter of 2019. Determine the amount of sales revenue Benson will report on the first 2019 quarterly pro forma income statement. Prepare a cash receipts schedule for the first quarter of 2019. Determine the amount of accounts receivable as of March 31, 2019.
Answers: 1
Business, 22.06.2019 20:30, Roof55
When patey pontoons issued 4% bonds on january 1, 2018, with a face amount of $660,000, the market yield for bonds of similar risk and maturity was 5%. the bonds mature december 31, 2021 (4 years). interest is paid semiannually on june 30 and december 31?
Answers: 1
Business, 22.06.2019 23:50, Izzyfizzy
Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $360,000; cash paid for rent, $44,000; cash paid to employees for services rendered during the year, $124,000; cash paid for utilities, $54,000.in addition, you determine that customers owed the company $64,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year period. calculate accrual net income for the year.
Answers: 2
Business, 23.06.2019 10:00, squawk1738
Each month hope received her bank statement listing the checks that have cleared her checking account in the month. what are these checks called? a. reconciled b. covered c. outstanding d. cancelled
Answers: 1
Problem 14-17 Preparing a sales budget and schedule of cash receipts LO 14-2 Benson Pointers Corpora...
History, 05.05.2020 23:39
Mathematics, 05.05.2020 23:39
Biology, 05.05.2020 23:39
Mathematics, 05.05.2020 23:39
Mathematics, 05.05.2020 23:39