General Accounting: A firm has actual sales of $80,000 in March and $65,000 in April. It expects sales of $85,000 in May and $105,000 in June and July. Assuming that sales are the only source of cash inflows and that half of them are for cash, while the remaining half is collected evenly over the following two months, what are the firm's expected cash receipts for May, June, and July?

General Accounting: A firm has actual sales of $80,000 in March and $65,000 in April. It expects sales of $85,000 in May and $105,000 in June and July. Assuming that sales are the only source of cash inflows and that half of them are for cash, while the remaining half is collected evenly over the following two months, what are the firm's expected cash receipts for May, June, and July?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter22: Providing And Obtaining Credit

Section: Chapter Questions

Problem 8MC: Assume that it is now July of Year 1 and that the brothers are developing projected financial...

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Aho firm has actual sales of $69,000 in April and $57,000 in May. It expects sales of $74,000 in June and $97,000 in July and in August. Assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following 2 months, what are the firm's expected cash receipts for June, July, and August? Hello, can u give correct answer
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A firm has an actual sales of P65,000 in April and P60,000 in May. It expects sales of P70,000 in June and P100,000 in July. Assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following two months, what are the firm’s expected cash receipts for July?
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