Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ruiz companys budget includes the following credit

Ruiz Companys budget includes the following credit sales for the current year: September, $146,000; October,...

60.1K

Verified Solution

Question

Accounting

Ruiz Companys budget includes the following credit sales for the current year: September, $146,000; October, $137,000; November, $121,000; December, $158,000. Credit sales are collected as follows: 10% in the month of sale, 55% in the first month after sale, and 35% in the second month after sale. How much cash can the company expect to collect in December as a result of current and past credit sales? Multiple Choice $15,800. $114,500. $158,000.

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

Algebra
1.2K views

flights Flying Time 3 hrs 30 min 3 5 5 hrs 20 min 5 33...

Statistics
1.2K views

The incidence of a deadly disease, among a certain population, is 0.01%. Individuals, randomly selected from...

Civil Engineering
1.2K views

thesis of capstone proposal : best topic for thesis related to structural engineering thesis or capstone proposal...

Physics
1.2K views

6 A ray of light falls on the surface of a spherica glass sphere making...

Physics
1.2K views

46 A block of mass 3m is connected with a string which is wound on...

Statistics
1.2K views

Question 15 continued f See the two 2 way tables below in which the data...

Calculus
1.2K views

Match each graph with its equation O a r 9 4 cos 0 b r...

Algebra
1.2K views

The concentration of a drug in the body fluids is given by C Coe 0...

Accounting
1.2K views

During 2025 , the corporation had the following transactions and events pertaining to its stockholders'...

Accounting
1.2K views

Budgeted Income Statement and Balance Sheet As a preliminary to requesting budget estimates of sales,...

Accounting
1.2K views

Blue Spruce Inc.s manufacturing overhead budget for the first quarter of 2022 contained the following...

Accounting
1.2K views

what are some other examples of industries well suited to Pinterset marketing campaigns?