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16. Camen Company projects the following sales: (Click on the icon to view the projected sales.) Camen collects sales on account in the month after the sale. The Accounts Receivable balance on January 1 is $12,100, which represents December's sales on account. Camen projects the following cash receipts from customers: (Click on the icon to view the cash receipts from customers.) Recalculate cash receipts from customers if total sales remain the same but cash sales are only 30% of the total. Begin by computing the cash sales and sales on account for each month if cash sales are only 30% of the total. January February March Cash sales (30%) Sales on account (70%) Total calor $ 69 29,000 $ 32,000 $ 36,000 Data table - X Icon to view the projected sales.) Data table January February March January February March Cash sales (40%) 11,600 $ 12,800 $ 14,400 Cash receipts from cash sales 11,600 $ 12,800 $ 14,400 Sales on account (60%) 17,400 19,200 21,600 12,100 17,400 19,200 Cash receipts from sales on account 29,000 $ Total sales 32,000 $ 36,000 23,700 $ 30,200 $ 33,600 Total cash receipts from customers Print Done Etext pages Calculator ASK my instructor Print Done - Xhich

16. Camen Company projects the following sales: (Click on the icon to view the projected sales.) Camen collects sales on account in the month after the sale. The Accounts Receivable balance on January 1 is $12,100, which represents December's sales on account. Camen projects the following cash receipts from customers: (Click on the icon to view the cash receipts from customers.) Recalculate cash receipts from customers if total sales remain the same but cash sales are only 30% of the total. Begin by computing the cash sales and sales on account for each month if cash sales are only 30% of the total. January February March Cash sales (30%) Sales on account (70%) Total calor $ 69 29,000 $ 32,000 $ 36,000 Data table - X Icon to view the projected sales.) Data table January February March January February March Cash sales (40%) 11,600 $ 12,800 $ 14,400 Cash receipts from cash sales 11,600 $ 12,800 $ 14,400 Sales on account (60%) 17,400 19,200 21,600 12,100 17,400 19,200 Cash receipts from sales on account 29,000 $ Total sales 32,000 $ 36,000 23,700 $ 30,200 $ 33,600 Total cash receipts from customers Print Done Etext pages Calculator ASK my instructor Print Done - Xhich

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter7: Budgeting
Section: Chapter Questions
Problem 10EA: Nonnas Re-Appliance Store collects 55% of its accounts receivable in the month of sale and 40% in...
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16. Camen Company projects the following sales: (Click on the icon to view the projected sales.) Camen collects sales on account in the month after the sale. The Accounts Receivable balance on January 1 is $12,100, which represents December's sales on account. Camen projects the following cash receipts from customers: (Click on the icon to view the cash receipts from customers.) Recalculate cash receipts from customers if total sales remain the same but cash sales are only 30% of the total. Begin by computing the cash sales and sales on account for each month if cash sales are only 30% of the total. January February March Cash sales (30%) Sales on account (70%) Total calor $ 69 29,000 $ 32,000 $ 36,000
Transcribed Image Text:16. Camen Company projects the following sales: (Click on the icon to view the projected sales.) Camen collects sales on account in the month after the sale. The Accounts Receivable balance on January 1 is $12,100, which represents December's sales on account. Camen projects the following cash receipts from customers: (Click on the icon to view the cash receipts from customers.) Recalculate cash receipts from customers if total sales remain the same but cash sales are only 30% of the total. Begin by computing the cash sales and sales on account for each month if cash sales are only 30% of the total. January February March Cash sales (30%) Sales on account (70%) Total calor $ 69 29,000 $ 32,000 $ 36,000
Data table - X Icon to view the projected sales.) Data table January February March January February March Cash sales (40%) 11,600 $ 12,800 $ 14,400 Cash receipts from cash sales 11,600 $ 12,800 $ 14,400 Sales on account (60%) 17,400 19,200 21,600 12,100 17,400 19,200 Cash receipts from sales on account 29,000 $ Total sales 32,000 $ 36,000 23,700 $ 30,200 $ 33,600 Total cash receipts from customers Print Done Etext pages Calculator ASK my instructor Print Done - Xhich
Transcribed Image Text:Data table - X Icon to view the projected sales.) Data table January February March January February March Cash sales (40%) 11,600 $ 12,800 $ 14,400 Cash receipts from cash sales 11,600 $ 12,800 $ 14,400 Sales on account (60%) 17,400 19,200 21,600 12,100 17,400 19,200 Cash receipts from sales on account 29,000 $ Total sales 32,000 $ 36,000 23,700 $ 30,200 $ 33,600 Total cash receipts from customers Print Done Etext pages Calculator ASK my instructor Print Done - Xhich
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