Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. how do i create a cash colection? attached are

how do i create a cash colection? Attached are budgeted sales for...

50.1K

Verified Solution

Question

Accounting

how do i create a cash colection? image
Attached are budgeted sales for the month's of September October. September October $120,000 $140,000 25% of sales are collected immediately in cash, Of the 75% which are credit sales - 50% is collected later in the month sold, 30% are collected the month following the sale, 15% is collected two months later The remainder is uncollectible. 3 5 5 Prepare a schedule of the months cash collections will occur from sales for the months of September and October

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

fx C uncle is considering investing in a new co s price would be set...

Statistics
1.2K views

A queueing system serves two types of customers. Type 1 customers arrive according to a Poisson...

Basic Math
1.2K views

How can size of a sample hide a confounder? Is this a paradox?

Basic Math
1.2K views

Determine whether the function's verlex is a maximum point or a minimum point.(1/2)x+x=y=5The vertex is...

Calculus
1.2K views

1 point If f x dx 16 6 and f f x dx 4 8...

Algebra
1.2K views

Sophia's grades have been updated online. Sophia's mom has seen the grades and has started...

Accounting
1.2K views

b) [You must show your...

Accounting
1.2K views

Just need the last one answered, tried 3,066,667 and 3,066,666.67 but neither worked. ...

Accounting
1.2K views

The step in setting working capital balances, "respond to temporary working capital needs and opportunities"...

Finance
1.2K views

Quantity of labor Total product (workers) (hair stylings per day) 0- an 1) The above...

Finance
1.2K views

7. If EUR/JPY is 129.30 and USD/JPY is 115.40, EUR/USD is a. 1.1205 b. .8925...

Accounting
1.2K views

An entity measures a provision at the best estimate of the amount required to settle...