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

Q: The Gregoire Company has a maximum production capacity of 35,000 units per year. For that capacity…

A: The maximum unit price is the formula that determines the per unit maximum value that the company is…

Q: Prepare a schedule of cash receipts from sales for April, May, and June.

A: To prepare a schedule of cash receipts from sales for April, May, and June, we need to consider the…

Q: Jasper Company has 62% of its sales on credit and 38% for cash. All credit sales are collected in…

A: April May June  Cash sales 38%  $196,460  $200,260 $209,760   Sales on…

Q: Romper Company expects its November sales to be 20% higher than its October sales, which were…

A:

Q: A firm has actual sales in November of $1,363 and projected sales in December and January of $2,928…

A: Credit sales refer to the sales in which the customer is given some time to pay for the goods…

Q: A company's history indicates that 25% of its sales are for cash and the rest are on credit.…

A: The cash collection schedule is prepared to estimate the cash collection from the customers during…

Q: Office World Inc. has "cash and carry" customers and credit customers. Office World estimates that…

A: WORKING NOTE : 1) The cash sales for any month will be: 0.20 * Sales of that month. 2) Cash…

Q: the following are forecasts of sales and purchases for a company.                     Sales…

A: Formula: Cash collections = Sales value x Amount collection percentage

Q: A company has the following collection pattern: month of sale, 30%; month following sale, 70%. If…

A: Cash collection budget :— This budget is prepared to estimate the cash collection of sales from the…

Q: Cash collections for Renew Lights found that 65% of sales were collected in the month of sale, 25%…

A: Budgeting is an important part of the business process. Without budgeting a business cannot track…

Q: The LaPann Corporation has obtained the following sales forecast data: July $ 80,000 September $…

A: Cash collection budget :— This budget is prepared to estimate the collection of sales from customer…

Q: Bark & Purr Supplies Inc., a pet wholesale supplier, was organized on May 1. Projected sales for…

A: Budget means the expected value of future. Budget is not affected by the actual value as it is…

Q: Vaughn Industries expects credit sales for January, February, and March to be $268,400, $317,200,…

A: Given, 75% of credit sales collected in month of sale 25% of credit sales will be collected in the…

Q: Torres Co. forecasts merchandise purchases of $15,800 in January, $18,600 in February, and $20,200…

A:

Q: Jasper Company has 59% of its sales on credit and 41% for cash. All credit sales are collected in…

A: The cash collection schedule is prepared to estimate the cash collected from the customers during…

Q: Paymore Products places orders for goods equal to 75% of its sales forecast in the next quarter…

A: Cash budget is one of the important budget being prepared in business. It shows all cash inflows and…

Q: Mercurius forecasts the following sales figures for the next four months. June July August…

A: The companies usually provide the goods or render services to the customer to earn profit. The…

Q: OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates that 25%…

A: A cash budget is an estimation of expected cash receipts and disbursements on the basis of past…

Q: Jasper Company has 63% of its sales on credit and 37% for cash. All credit sales are collected in…

A: Lets understand the basics.Management prepares budget in order to estimate future profit and loss…

Q: June: July: %24

A: Kailua and Company Schedule   August…

Q: chedule of Cash Collections from Sales or the Three Months Ending December 31 October November…

A: Schedule of cash collections shows the cash receipts and cash inflows from different customers.…

Q: the attachement to answer the following Cash outflows in March for purchases will be: a) $240…

A: Gross margin is very important in the business and gross margins can be obtained by deduction of…

Q: Melody Inc. had a November ending cash balance of $15,000. As well, it had sales of $10,000 in…

A: To calculate Melody Inc.'s cash balance at the end of March, we need to consider the cash inflows…

Q: Carla Vista Industries expects credit sales for January, February, and March to be $211,200,…

A: Step 1:Understanding meaning of budget:- Management prepares budget in order to estimate future…

Q: Kailua and Company is a legal services firm. All sales of legal services are billed to the client…

A: WORKING NOTES:   For the month of June: $ 100800 ×  25%= $25,200 For the month of July: $…

Q: Ratchet Manufacturing anticipates total sales for August, September, and October of $300,000,…

A: Formula: Cash collection amount = Sales value x Cash collection ratio

Q: Eastern Auto Parts Incorporated has 20 percent of its sales paid for in cash and 80 percent on…

A: Cash receipts schedule are those schedule how much cash we collected in a particular months or…

Q: Curtent Attempt in Progress The management of Riverbed Industries estimates that credit sales for…

A: The term "credit sales" means the transfer of ownership of goods and services to a consumer with the…

Q: At the end of September a company has cash balance of $800, trade receivables of $12000 and trade…

A: CASH BUDGET Cash Budget is a detailed budget of cash income and cash expenditure incorporating both…

Q: Jasper Company has 61% of its sales on credit and 39% for cash. All credit sales are collected in…

A: Cash budgets projected cash balances, borrowing needs and projected repayments of borrowing.the cash…

Q: Jasper Company has 59% of its sales on credit and 41% for cash. All credit sales are collected in…

A: Cash Budget: Cash Budget is prepared to analysis the cash transaction or cash flow of business.…

Q: Schedule of Cash Collections of Accounts Receivable Office World Inc. has "cash and carry" customers…

A: Effective resource allocation includes the use of budgeting to allocate money, labor, and supplies.…

Q: Preparing a Schedule of Cash Collections on Accounts Receivable Kailua and Company is a legal…

A: Budgeting: It is a process of planning the work to be performed. Under this process a formal plan is…

Q: January February March The Accounts Receivable balan Prepare a schedule of cash col INN Schedul For…

A: Lets understand the basics.Management prepare budget in order to estimate future profit and loss…

Q: March 45,000 85% of sales are collected in the month of the sale and the remainder is collected in…

A: particulars  amount $ Cash balance $     25,000.00 add:customer collection  $58,950…

Q: Cash Collections for Belcher Motors found that 35% of its sales were cash and the remaining 65% are…

A: The cash collection during the quarter depends on the percentage of cash sales and credit sales and…

Q: Power Ridge Corporation has forecast credit sales for the fourth quarter of the year as follows:…

A: Cash receipt schedule is an important tool any firm can use. One can estimate the receipt of the…

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.