Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. cash collection budget home depot anticipates the

Cash Collection Budget Home Depot anticipates the following sales revenue over a five-month period :...

50.1K

Verified Solution

Question

Accounting

image

Cash Collection Budget Home Depot anticipates the following sales revenue over a five-month period : November December January February March Sales revenue $16,500 $11,200 $15,200 $13,200 $14,400 The company's sales are 30% cash and 70% credit. Its collection history indicates that credit sales are collected as follows: 25% in the month of the sale 50% in the month after the sale 20% two months after the sale 5% are never collected How much cash will be collected in January? In February? In March? For the quarter in total

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

Basic Math
1.2K views

6-year Graduation Rate Status All students athletes Duke Private 95% 87% UNC-CH Public 86% 74% NCSU Public 71% 51% Wake Private 88% 80% ECU Public 54% 58% UNC-C Public 51% 59% BC Private 91% 90% Clemson Public 79% 66% FSU Public 70% 53% Ga Tech Public 77% 56% U-MD Public 82% 66% Miami Private 77% 70% UVA Public 93% 73% Va Tech Public 78% 72% UC-Davis (D-II) Public 81% 81% Florida Public 82% 61% UGA Public 79% 59% Illinois Public 82% 70% Iowa St Public 67% 79% Michigan St Public 75% 66% Minnesota Public 66% 71% Ohio State Public 73% 67% Penn State Public 85% 76% Public 72% 66% Texas A&M Public 78% 61% Wisconsin Public 81% 59% The graduation rate of...

Biology
1.2K views

Why do cells make glycogen if they will then break it done when they need the glucose...

Statistics
1.2K views

Suppose that the index model for two Canadian stocks HD and ML is estimated with the...

Physics
1.2K views

b A sample of Ge is doped to the extent of 10 4 donor atoms...

Geometry
1.2K views

21 Find the exact perimeter and area of the segment shown given that mo 60...

Basic Math
1.2K views

17) Jon performs 3 transformations on a pentagon. First, he reflects it over the x-axis....

Algebra
1.2K views

If f z 22 and g x 4 then g z Oa f g z...

Algebra
1.2K views

Write the function whose graph is the graph of y x 2 but is reflected...

Accounting
1.2K views

Explain Job costing and process costing are two extremes of the continuum of conventional product...

Accounting
1.2K views

Verizox Company uses a job order cost system with manufacturing overhead applied to products based...

Accounting
1.2K views

By permitting some classes of assets to be valued at cost and others at fair...

Finance
1.2K views

A $5000, 11.4% bond (payable semi-annually) is redeemable at par in 5 years and 6...