The following is the cash collection model the company uses for its cash budget:
50% month of sale 40% month after sale 10% 2 months after sale
The composition of the company's accounts receivable account balance of $65,000 on January 1st is as follows:
$42,000 December sales
$23,000 November sales.
Show the budgeted total cash the company will collect in January?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The following is the cash collection model the company uses for its cash budget: 50% month of sale 40% month after sale 10% 2 months after ...” 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
You own a portfolio that has a total value of $210,000 and it is invested in Stock D with a beta of. 87 and Stock E with a beta of 1.38. The beta of your portfolio is equal to the market beta. What is the dollar amount of your investment in Stock D
Answers (1)
Destiny and Enzo engage in a business transaction. When a dispute arises, Destiny initiates a lawsuit against Enzo by filing a complaint. If Enzo files a motion to dismiss, he is asserting that a.
Answers (1)
At an output level of 76,000 units, you calculate that the degree of operating leverage is 3.3. The output rises to 81,000 units. What will the percentage change in operating cash flow be? (Do not round intermediate calculations.
Answers (1)
Curly just graduated from State U and has three job offers: teaching at a prestigious private high school nine months a year with summers off, working forty hours a week at a bank in a small city, and working more than sixty hours a week for a
Answers (2)
Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a balance sheet. (a) Advanced $10,000 to an employee.
Answers (1)
New Questions in Business
The automobile industry in a developing country has very few sellers. If one automobile company raises the prices of its trucks by a certain amount, other automobile companies in the industry follow by raising prices by a similar amount.
Answers (2)
Cleo writes a check for $100 drawn on debit & credit bank and presents it to elegant jewelers for payment. if the check is not backed by sufficient funds and intent to defraud can be proved, cleo may be prosecuted for
Answers (1)
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)