subject
Business, 12.04.2021 19:20 krocker58

A company's history indicates that 30% of its sales are for cash and the rest are on credit. Collections on credit sales are 30% in the month of the sale, 40% in the next month, and 25% the following month. Projected sales for January, February, and March are $62,000, $87,000 and $97,000, respectively. The March expected cash receipts from current and prior credit sales is:

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 22:50
He taylor company sells music systems. each music system costs the company $100 and will be sold to the public for $250. in year one, the company sells 100 gift cards to customers for $250 each ($25,000 in total). these cards are valid for just one year, and company officials expect them to all be redeemed. in year two, only 96 of the cards are returned. what amount of net income does the company report for year two in connection with these cards? a. $15,000b. $15,400c. $15,500d. $15,800
Answers: 1
question
Business, 22.06.2019 11:40
In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a.esther lost her job and begins looking for a new one.b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work.c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.
Answers: 2
question
Business, 22.06.2019 17:30
What is the sequence of events that could lead to trade surplus
Answers: 3
question
Business, 22.06.2019 20:00
Ryngard corp's sales last year were $38,000, and its total assets were $16,000. what was its total assets turnover ratio (tato)? a. 2.04b. 2.14c. 2.26d. 2.38e. 2.49
Answers: 1
You know the right answer?
A company's history indicates that 30% of its sales are for cash and the rest are on credit. Collect...
Questions
question
Mathematics, 09.10.2020 01:01
Questions on the website: 13722362