Star Co. was organized on August 1 of the current year. Projected sales for the next three months are as follows: August $250,000 September 200,000 October 275,000 The company expects to sell 50% of its merchandise for cash. Of the sales on account, 30% are expected to be collected in the month of the sale and the remainder in the following month. Prepare a schedule indicating cash collections for August, September, and October.

The correct answer for August is $162,500, for September is $217,500 and for October is $248,750.

Explanation:

According to the scenario, the computation of the given data are as follows:

                    August               September          October  

Sales Amount    $250,000              $200,000                $275,000  

Sales on Credit  $125,000              $100,000                 $137,500  

Sales on Cash   $125,000              $100,000                 $137,500

So collection of cash are as follows:      

Aug.credit sales $37,500               $87,500    

Sep. credit sales                        $30,000                 $70,000  

Oct. credit sales                                                   $41,250  

Total cash    $162,500               $217,500                $248,750

a loan? that’s my guess, anywho.

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported