he warehouse has projected sales for June through September of 56,700, 68,900, 70,200, and 54,300. The company collects 46 percent of its sales in the month of sale, 51 percent in the month of sale, and 2 percent in the second month following the month of sale. The remaining sales are never collected. What is the amount of the August collections? -62,158 -65,863 -65,516 -68,565 -67,288

Q: Shadee Corp. expects to sell 560 sun visors in May and 380 in June. Each visor sells for $19.…

A: To calculate Shadee Corp.'s total cash receipts for August and September, we need to consider both…

Q: XYZ Co. has forecasted July sales of 1,100 units. The company maintains ending inventory equal to…

A: Production budget is one of useful budget being prepared in business. It shows how many units needs…

Q: Schrank Company is trying to decide how many units of merchandise to order eoch month. Compony…

A: The budget is prepared to estimate the requirements for the period. The purchase budget is prepared…

Q: alley's managers have made the following additional assumptions and estimates: Estimated sales for…

A: The balance sheet is one of the financial statements of the business. It represents the business's…

Q: 50,000 June 56,000 July 45,000 August es in January and February were $53,000 and $52,000…

A: Companies give credit to customer ro purchase now and pay later and due to which default of…

Q: Tiny Corp has the following information: Inventory at the end of May, for example, was only 40…

A: Solution:  Number of units that Tiny must produce in June and July are present in the following…

Q: Halifax Shoes has 30% of its sales in cash and the remainder on credit. Of the credit sales, 65% is…

A: In this case of Halifax shoes, it is given that there are  a certain fixed proportion of credit…

Q: Shadee Corporation expects to sell 600 sun shades in May and 450 in June. Each shades sells for $11.…

A: The budget is prepared to estimate the requirements for the future period. The cash collection…

Q: Prepare a schedule indicating cash collections from sales for May, June, and July.

A: Sale made on account is nothing but credit sales. Subsequent collection from debtors depends credit…

Q: Furry Friends Supplies Inc., a pet wholesale supplier, was organized on May 1. Projected sales for…

A: The Schedule of Collections from Sales is made below:

Q: Required: Calculate Shadee's total cash receipts for August and September, Note: Do not round your…

A: Cash budget is prepared by a business entity to anticipate the expected cash requirements for the…

Q: Croy Inc. has the following projected sales for the next five months: Month Sales in Units 3,850…

A: Direct materials required and cost of direct materials can be found out using the production…

Q: Sheridan Company plans to sell 12000 lawn chairs during May, 9700 in June, and 6000 during July. The…

A: Units produced means the goods that are produced by the entity during a period. It is number of…

Q: All sales are made on credit terms of net 30 days and are collected the following month and no bad…

A: Income statement means a statement which shows the expenses and revenue of the organisation during a…

Q: Skyland Company wants an ending inventory each month equal to 24% of that month's cost of goods…

A: Step 1:Computation of the desired ending inventory at the end of February: Desired ending inventory=…

Q: Simpson Glove Company has made the following sales projections for the next six months. All sales…

A: Cash receipts budget is prepared by an organization to estimate the amount of cash to be collected…

Q: es Shadee Corporation expects to sell 560 sun shades in May and 410 in June. Each shades sells for…

A: CASH BUDGETA cash budget is an estimation of the cash flows of a business over a specific period of…

Q: The planned initial markup in a department, as indicated on the merchandise plan, is 42.5%. The…

A: OTB means open to buy , this strategy helpful for retailer to buy a product with estimated money and…

Q: Neon Inc.’s forecast sales for July is $72,000. It has $15,000 in accounts receivable at the end of…

A: The objective of this question is to calculate the amount of accounts receivable at the end of July…

Q: June sales were $20,000​, while projected sales for July and August were $50,000 and $71,000​,…

A: The cash collection schedule is prepared to estimate the cash collection during the given period.…

Q: formation per Cash sales Credit sales Total sales November $ 112,000 304,000 $ 416,000 on's sales…

A: The budget is prepared to estimate the requirements for the current period. The cash payment…

Q: Bookworm Corporation maintains ending inventory for each month at 5% of the following month's sales.…

A: Units produced in March = Units sold in March + Desired Ending inventory - Beginning inventory…

Q: Shadee Corporation expects to sell 590 sun shades in May and 400 in June. Each shades sells for $19.…

A: Lets understand the basics.Budget is the forecast or estimate made for future period. Expected cash…

Q: CO, SRL anticipates the following sales in the given months: March 42,000 units April 59,000 units…

A: The manufacturing companies have to plan the required production levels for future so as to meet the…

Q: J.TOY Inc., was organized on August 1 of the current year. Projected sales for the next three months…

A: There are three conditions of cash collection:    Cash sales is 40% of total sales and 60% on…

Q: Simpson Glove Company has made the following sales projections for the next six months. All sales…

A: Budget means the expected value of future. Budget will be compared with actual value and variance is…

Q: Rocker Company expects to sell 7,000 units for $180 each for a total of $1,260,000 in January and…

A: Budgeted cost of goods sold in March = 4,300 * $260 * 60%= $670,800

Q: Shadee Corporation expects to sell 570 sun shades in May and 440 in June. Each shades sells for $12.…

A: CASH BUDGET A cash budget is an estimation of the cash flows of a business over a specific period…

Q: Graham Company projects the following sales for the first three months of the year: $10,600 in…

A: The cash collection schedule is prepared to estimate the amount of cash to be collected from…

Q: eat Logos buys​ logo-imprinted merchandise and then sells it to university bookstores. Sales are…

A: The budget is prepared to estimate the requirements for the period. The cost of goods sold records…

Q: Furniture, Inc., estimates the following number of mattress sales for the first four months of 2021:…

A: Production budget is based on the expected sales units. This budget is prepared to predict the units…

Q: next month's sales. How many mattresses should be produced in the first quarter of 2019?

A: Production Budget The production budget calculates the number of units of products manufactured by a…

Q: The Lumber Yard has projected the sales below for the next four months. The company collects 37…

A: The credit sales are said to be the major component of cells for the entity because it help the…

Q: Weisbro and Sons purchases its inventory one quarter prior to the quarter of sale. The purchase…

A: Variables in the question: Purchase price=60% of sale priceAccounts payable period=60 days…

Q: Mesh Merchandising Company expects to purchase $86,000 of materials in July and $118,000 of…

A:

Q: Shadee Corporation expects to sell 630 sun shades in May and 420 in June. Each shades sells for $18.…

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

Q: Shadee Corporation expects to sell 500 sun shades in May and 410 in June. Each shades sells for $14.…

A: The cash collection schedule is prepared to estimate the cash collected during the period. The cash…