Here is a forecast of sales by National Bromide for the first four months of 2022 (figures in $ thousands):Month 1Month 2Cash salesSales on credit1611025130Month 3 Month 4191001580On average, 51% of credit sales are paid for in the current month, 31% are paid in the next month, and the remainder are paid in themonth after that. What is the expected cash inflow from operations in months 3 and 4?Note: Do not round intermediate calculations. Enter your answers in thousands and rounded to one decimal place.ItemsMonth 3Month 4Expected Cash Inflow fromOperations (in $ thousands)

When cash sales are made , Cash inflows arise immediately. However , whenever credit sales are made…

Cast of Cash sales Sales on credit Month 1 16 110 Month 2 Month 3 Month 4 25 130 19 100 15 80 On average, 51% of credit sales are paid for in the current month, 31% are paid in the next month, and the remainder a month after that. What is the expected cash inflow from operations in months 3 and 4? Note: Do not round intermediate calculations. Enter your answers in thousands and rounded to one decimal place. Items Month 3 Month 4 Expected Cash Inflow from Operations (in $ thousands)

Cast of Cash sales Sales on credit Month 1 16 110 Month 2 Month 3 Month 4 25 130 19 100 15 80 On average, 51% of credit sales are paid for in the current month, 31% are paid in the next month, and the remainder a month after that. What is the expected cash inflow from operations in months 3 and 4? Note: Do not round intermediate calculations. Enter your answers in thousands and rounded to one decimal place. Items Month 3 Month 4 Expected Cash Inflow from Operations (in $ thousands)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Compute the Cash Collected in March. Total Sales January 40,000 February 50,000 March 70,000 The company has 80% of total sales as cash sales during each month. The company receives 50% of sales on account in the same month as the sale, and the remaining 50% collected the month following the sale. Group of answer choices 70,000 72,000 68,000 56,000
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Cash and accounts receivable for Adams Company are provided below: Current Year Prior Year Cash $40,500 $30,000 Accounts receivable (net) 16,884 25,200 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash $fill in the blank 1 fill in the blank 2 % decrease Accounts Receivable $fill in the blank 4 fill in the blank 5 %
Calculate the amount of cash available at the end of October. Company’s collection experience for the past several months and credit sales analysis show the following: The company has no cash sales, only sales on account. Cash collection from current month’s sales, terms 2/10 18% Cash collection from prior month’s sales , no discount 65% Cash collection from sales two months ago, no discount 14% Uncollectible receivables 3% The company has estimated credit sales for: June $500,000 July $450,000 August $400,000 September $300,000 October $360,000 November $400,000 Company’s monthly variable costs…
Cash and accounts receivable for Adams Company are provided below: Current Year PriorYear Cash $68,511 $55,700 Accounts receivable (net) 22,064 39,400 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash $fill in the blank 1 fill in the blank 2 % Accounts Receivable $fill in the blank 4 fill in the blank 5 %
Please do not give solution in image format thanku
answer in text form please (without image)
How do I prepare a schedule of cash collected from customers for the quarter ended March 31, 20X1?
Cash receipts A firm reported actual sales of $65,000 in the month of June and $70,000 in July. The sales forecasts indicate that sales are expected to be $85,000, $92,000, and $95,750 for the months of August, September, and October, respec tively. Sales are 60% cash and 40% credit, and credit sales are collected evenly over the following 2 months. No other cash receipts are received. What are the firm's expected cash receipts for the months of August, September, and October?
The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year. 04 $480 Sales 01 $ 210 02 $ 270 a. Accounts receivable at the beginning of the year are $480. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Beginning receivables Sales Cash collections Ending receivables $ Beginning receivables S Sales Cash collections Ending receivables 03 $ 330 Beginning receivables Sales Cash collections Ending receivables Q1 S Q1 480 210 585 105 $ 01 Answer is complete and correct. 480 210 $ 00 480 210 Q2 105 $ 270 b. Accounts receivable at the beginning of the year are $480. The company has a 60-day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: Do not round intermediate calculations and round your answers to the…
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7. Question Content Area Schedule of Cash Receipts Del Spencer is the owner and founder of Del Spencer's Men's Clothing Store. Del Spencer's has its own house charge accounts and has found from past experience that 10 percent of its sales are for cash. The remaining 90 percent are on credit. An aging schedule for accounts receivable reveals the following pattern: 15 percent of credit sales are paid in the month of sale.65 percent of credit sales are paid in the first month following the sale.14 percent of credit sales are paid in the second month following the sale.6 percent of credit sales are never collected. Credit sales that have not been paid until the second month following the sale are considered overdue and are subject to a 3 percent late charge. Del Spencer's has developed the following sales forecast: May $60,000 June 55,000 July 45,000 August 58,000 September 84,000 Required: Prepare a schedule of cash receipts for August and September. Round all amounts…

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