Star Company prepared the following sales budget for the second quarter. Projected sales for each of the first three months of operations are as follows: Sales Budget April May June Cash Sales 30,000 43,000 55,000 Sales on Account 370,000 432,000 405,000 400,000 475,000 460,000 Star Co. expects to collect 70% of the sales on account in the month of sale, 20% in the month following the sale, and the remainder in the second month following the sale. What is the ending accounts receivable balance that would be reported on the pro forma balance sheet prepared as of June 30
Answers: 3
Business, 21.06.2019 22:50
What happens when a bank is required to hold more money in reserve?
Answers: 3
Business, 22.06.2019 14:30
The face of a company is often that of the lowest paid employees who meet the customers. select one: true false
Answers: 1
Business, 22.06.2019 20:00
Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation
Answers: 2
Business, 22.06.2019 20:30
1. what is the lowest balance during this period? 2. lily just received her bank statement below. a. what does the bank think her ending balance is? b. how much more does the bank think lily has? c. what transactions are missing? 3. what is the danger of not balancing your bank account? lily’s bank statement deposits: 2/25 $35 2/26 $20 3/1 $256.32 checks: 2/24 ck #301 $25 2/26 #302 $150 debit card: 2/24 american eagle $75.48 2/25 chick fa la $4.67 2/27 mcdonalds $3.56 2/28 chevron $34.76 withdrawal: 2/27 $40 beginning balance $423.34 deposits $311.32 total debits $333.47 ending balance $401.19
Answers: 1
Star Company prepared the following sales budget for the second quarter. Projected sales for each of...
Mathematics, 20.11.2020 20:00
Computers and Technology, 20.11.2020 20:00
Mathematics, 20.11.2020 20:00
History, 20.11.2020 20:00
Mathematics, 20.11.2020 20:00
Mathematics, 20.11.2020 20:00
Chemistry, 20.11.2020 20:00
Biology, 20.11.2020 20:00
Mathematics, 20.11.2020 20:00
Mathematics, 20.11.2020 20:00
Chemistry, 20.11.2020 20:00