Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a company's history indicates that 20% of its sale

A company's history indicates that 20% of its sales are for cash and the rest...

50.1K

Verified Solution

Question

Accounting

image
A company's history indicates that 20% of its sales are for cash and the rest are on Credit Collection on credit sales are 20% in the month of the sale, 45% in the next month 20%. the following month, and 15% is uncollectible Projected sales for December January, and Fenway are $72,000, 597,000 and 5107000, respectively. The February expected and receipts from current and poor credit sales Muluple Choice 59100 S610 $23,418 $63,560 $47,510

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

Assume all of the ionized aspirin remains in the buffer solution and all of the un-ionized...

Psychology
1.2K views

In a minimum of 500 words, describe 5 ways that you can be proactive in your...

Finance
1.2K views

home / study / business / finance / finance questions and answers / Calculate The Present...

Physics
1.2K views

The magnetic flux linked with a coil is and the emf induced in it is...

Physics
1.2K views

A cannon tilted upward at ? = 25 fires a cannonball with a speed of...

Geometry
1.2K views

A solid machine part is to be manufactured as shown in the figure. The part...

Geometry
1.2K views

Favorite Candy Bar Kit Kat Children 15 Adults 31 Butterfinger 12 18 49 Using the...

Algebra
1.2K views

Maria deposited 4000 into an account with 5 5 interest compounded quarterly Assuming that no...

Accounting
1.2K views

On 7/1/15, Sumac, an 80%-owned subsidiary of Pine, sold a patent to Pine for $100.000....

Accounting
1.2K views

Please, use the income statement information of BobCat Inc. Using vertical analysis, what is the...

Accounting
1.2K views

Black Litterman Model (25pt) Consider a market with one risk-free asset and...

Accounting
1.2K views

On January 1, 2020, Splish Corporation issued $500,000 of 6% bonds, due in 10 years....