Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. hackett produce supply is preparing its cash budge

Hackett Produce Supply is preparing its cash budget for April. The following information is available:...

80.2K

Verified Solution

Question

Accounting

Hackett Produce Supply is preparing its cash budget for April. The following information is available:
Estimated credit sales for April
Actual credit sales for March
Estimated collections in April for credit sales prior to March
Estimated write-offs in April for uncollectible credit sales
Estimated provision for bad debts in April for credit sales in April
Estimated collections in April for credit sales in April
Estimated collections in April for credit sales in March
$338,000
$169,500
$15,000
$14,920
$13,930
25%
70%
Required:
What is the estimated amount of cash receipts from accounts receivable collections in April?
Estimated cash receipts
image

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A company’s financial manager believes that sales in 2019 could rise by as much as 20%...

Finance
Q

Find the absolute maxima and minima for f(x) on the interval [a, b]. f(x) = x3 − 2x2 − 4x +...

Basic Math
Q

Show that a set is convex if and only if its intersection with any line is...

Advance Math
Q

The structure, authority relationships, and rules of the Alibaba organization. Use the organization chart , you can...

General Management
Q

Question 10 When epidermal growth factor binds to its O enzyme linked receptor O mechanoreceptor...

Biology
Q

Theropod dinosaurs had which of the following novelties compared to other dinsoaurs recurved teeth s...

Biology
Q

Match the terms to the correct symbols n gives the Population Mean Sample Mean Population...

Statistics
Q

ABC Manufacturing Company produces widgets using a process costing system. The following information is available...

Accounting
Q

no hand writing and please use own word IFRS are...

Accounting
Q

1. A bond that sells for more than $1000 when yields are 10% must have...

Accounting
Q

uirement 2. Journalize the accrual of salaries expense and the payment related to the employment...

Accounting
Q

Imagine that you work as a financial advisor. You have a client who would like...

Finance