Healthy Kitchen Inc. manufactures and sells dining sets to retail stores. It provides the following budgeted data for the months of November and December: Budgeted Data - November December Expected number of dining sets to be sold $10,000 12,000 Selling price per set $120 $130 Sales are 30% cash and 70% on account. The sales on account are expected to be collected in the month after the sale. Compute the total cash received from sales in December. Group of answer choices $468,000 $1,560,000 $840,000 $1,308,000
Healthy Kitchen Inc. manufactures and sells dining sets to retail stores. It provides the following budgeted data for the months of November and December: Budgeted Data - November December Expected number of dining sets to be sold $10,000 12,000 Selling price per set $120 $130 Sales are 30% cash and 70% on account. The sales on account are expected to be collected in the month after the sale. Compute the total cash received from sales in December. Group of answer choices $468,000 $1,560,000 $840,000 $1,308,000
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter18: Pricing And Profitability Analysis
Section: Chapter Questions
Problem 20E: Eastman, Inc., manufactures and sells three products: R, S, and T. In January, Eastman, Inc.,...
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Healthy Kitchen Inc. manufactures and sells dining sets to retail stores. It provides the following budgeted data for the months of November and December:
Budgeted Data| - | November | December |
|---|---|---|
| Expected number of dining sets to be sold | $10,000 | 12,000 |
| Selling price per set | $120 | $130 |
Sales are 30% cash and 70% on account. The sales on account are expected to be collected in the month after the sale.
Compute the total cash received from sales in December.
Group of answer choices
$468,000
$1,560,000
$840,000
$1,308,000
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