Company XYZ has the following sales budget for the last six months of 2018. July $100,000 August $75,000 September $100,000 October $70,000 November $110,000 December $94,000 Historically, the cash collection of sales has been as follows: 60% of sales collected in month of sales 20% of sales collected in month following sale 7% of sales collected in second month following sale 2% of sales uncollectible What are the expected cash collections of sales in October
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Company XYZ has the following sales budget for the last six months of 2018. July $100,000 August $75,000 September $100,000 October $70,000 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The federal government currently levies a 15.3 percent payroll tax (7.65 percent on both the employer and employee) on the wages of all workers.
Answers (2)
Discuss how stereotyping, attribution, self - fulfilling, propehcy, halo, false-consensus, primacy, and recency effect influence the perceptual process
Answers (1)
If the dollar buys fewer bananas in guatemala than in honduras, then traders could make a profit by
Answers (1)
g Based on the Keynesian model, one reason to support government spending increases over tax cuts as a tool for stimulating the economy is: Group of answer choices the government-spending multiplier is smaller than the tax multiplier.
Answers (1)
Appendix for travel agency in Nepal for preparing business plan?
Answers (1)
New Questions in Business
Privatization is a way to a. shrink the federal budget by selling government services or property in the private sector. b. reduce government costs by relocating government programs to private groups or corporations. c.
Answers (2)
Gonzalez Company acquired $200,000 of Walker Co., 6% bonds on May 1 at their face amount. Interest is paid semiannually on May 1 and November 1. On November 1, Gonzalez Company sold $70,000 of the bonds for 97.
Answers (1)
A debt does not have to be past due before a creditor can begin legal action against a debtor. true or false.
Answers (1)
If the government wants to increase production of a good to achieve marginal social benefit, then the following policy will most likely be implemented a.
Answers (1)
Suppose that consumption is $500 and that the marginal propensity to consume is 0.6. If disposable income increases by $1,000, consumption spending will increase by A. $600 B. $ 3,000 C. $1,360 D. $ 3,750 E. $1,666.67
Answers (1)