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  3. page company makes 40% of its sales for cash and 6

Page Company makes 40% of its sales for cash and 60% on account....

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Accounting

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Page Company makes 40% of its sales for cash and 60% on account. 70% of the credit sales are collected in the month of sale, 20% in the month following sale, and 6% in the second month following sale. The remainder is uncollectible. The following information has been gathered for the current year: Month Total sales 1 2 3 4 $75,000 $85,000 $65,000 $45,000 Total cash receipts in Month 4 will be: Multiple Choice $49,500. oooo $29,760. $47,760. Barrington Box Enterprises has two divisions, large and small, that share the common costs of the company's communications network. The annual common costs are $4,200,000. You have been provided with the following information for the upcoming year: Large Small Calls 118,000 82,000 Time on Network (hours) 120,000 280,000 What is the allocation rate for the upcoming year, assuming Barrington Box uses the single-rate method and allocates common costs based on the number of calls? o o o o

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