from the following data of nature’s herbs company, prepare a sales forecast and schedule of cash receipts for the company covering the last quarter of the year. based on past experience, 20% of sales are collected in the month of sales, 70% in the following month, and 10% are never collected. nature’s herbs company has forecast credit sales for the fourth quarter of the year: september (actual) p 100,000 fourth quarter: october 80,000 november 70,000 december 120,000
from the following data of nature’s herbs company, prepare a sales forecast and schedule of cash receipts for the company covering the last quarter of the year. based on past experience, 20% of sales are collected in the month of sales, 70% in the following month, and 10% are never collected. nature’s herbs company has forecast credit sales for the fourth quarter of the year: september (actual) p 100,000 fourth quarter: october 80,000 november 70,000 december 120,000
Chapter7: Budgeting
Section: Chapter Questions
Problem 14EB: Earthies Shoes has 55% of its sales in cash and the remainder on credit. Of the credit sales, 70% is...
Related questions
Question
from the following data of nature’s herbs company, prepare a sales
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning