subject
Business, 12.11.2019 20:31 shymitch32

Feeney furniture prepared the following sales budget: month cash sales credit sales march $ 20,000 $ 14,000 april $ 35,000 $ 16,000 may $ 42,000 $ 40,000 june $ 57,000 $ 53,000 credit collections are 20% two months following the sale, 65% in the month following the sale, and 10% in the month of sale. the remaining 5% is expected to be uncollectible. what are the total cash collections in june at feeney furniture?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 14:50
Which of the following is the most direct cause of cost-push inflation? a. rising production costs. b. reductions in wages. c. greater scarcity of natural resources. d. increasing supply of goods and services. 2b2t
Answers: 3
question
Business, 21.06.2019 23:10
Kando company incurs a $9 per unit cost for product a, which it currently manufactures and sells for $13.50 per unit. instead of manufacturing and selling this product, the company can purchase product b for $5 per unit and sell it for $12 per unit. if it does so, unit sales would remain unchanged and $5 of the $9 per unit costs assigned to product a would be eliminated. 1. prepare incremental cost analysis. should the company continue to manufacture product a or purchase product b for resale? (round your answers to 2 decimal places.)
Answers: 1
question
Business, 22.06.2019 00:40
Guardian inc. is trying to develop an asset-financing plan. the firm has $450,000 in temporary current assets and $350,000 in permanent current assets. guardian also has $550,000 in fixed assets. assume a tax rate of 40 percent. a. construct two alternative financing plans for guardian. one of the plans should be conservative, with 70 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. the current interest rate is 12 percent on long-term funds and 7 percent on short-term financing. compute the annual interest payments under each plan.
Answers: 3
question
Business, 22.06.2019 03:10
Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e.g. -15,000 or parentheses e.g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work
Answers: 3
You know the right answer?
Feeney furniture prepared the following sales budget: month cash sales credit sales march $ 20,000...
Questions
question
History, 07.07.2019 03:00
question
Mathematics, 07.07.2019 03:00
Questions on the website: 13722367