Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / The following is the sales budget for Coore, Inc

The following is the sales budget for Coore, Inc

Finance

The following is the sales budget for Coore, Inc., for the first quarter of 2019:

 

 

 JanuaryFebruaryMarch  Sales budget$146,000$163,000$178,000

 

Credit sales are collected as follows:

 70 percent in the month of the sale25 percent in the month after the sale5 percent in the second month after the sale The accounts receivable balance at the end of the previous quarter was $71,550 ($62,400 of which was uncollected December sales). a.Compute the sales for November. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

b.Compute the sales for December. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)c.Compute the cash collections from sales for each month from January through March. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)  

Option 1

Low Cost Option
Download this past answer in few clicks

3.94 USD

PURCHASE SOLUTION

Already member?


Option 2

Custom new solution created by our subject matter experts

GET A QUOTE