Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / Ginobili has forecast sales to be $115,900 in February, $156,600 in March, $163,900 in April, and $177,700 in May

Ginobili has forecast sales to be $115,900 in February, $156,600 in March, $163,900 in April, and $177,700 in May

Accounting

Ginobili has forecast sales to be $115,900 in February, $156,600 in March, $163,900 in April, and $177,700 in May. The average cost of goods sold is 70% of sales. 49% of sales are on made on credit, the rest are for cash. The sales on credit are collected 65% in the month of sale, and 35% the month following.

What are budgeted cash receipts in March on cash sales in March?

-------------------

Ginobili has forecast sales to be $139,600 in February, $152,700 in March, $168,200 in April, and $179,200 in May. The average cost of goods sold is 70% of sales. 36% of sales are on made on credit, the rest are for cash. The sales on credit are collected 65% in the month of sale, and 35% the month following.

What are budgeted cash receipts on credit sales in March collected in March?

-------------------------

Ginobili has forecast sales to be $133,700 in February, $156,400 in March, $161,000 in April, and $174,000 in May. 45% of sales are on made on credit, the rest are for cash. The sales on credit are collected 70% in the month of sale, and 30% the month following.

What are the total budgeted cash receipts in March?

Option 1

Low Cost Option
Download this past answer in few clicks

2.89 USD

PURCHASE SOLUTION

Already member?


Option 2

Custom new solution created by our subject matter experts

GET A QUOTE