QUESTION 2A company forecasts that the following sales: 361 BD in May, 377 BD in June and 267 BD in July. Sales will be paid in three parts, 30% will be paid in cash, another30% will be paid after one month and the remining 40% will be paid after two months. Additionally, the company will receive 184 BD in dividends in July, and 53 BDfrom the sale of stocks in May. Based on the information given what is the anticipated total cash receipts for the month of July?

The question is related to Anticipated total Cash Receipts for the month of July.

Answered: QUESTION 2 A company forecasts that the…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Chapter 12, Question 1
XYZ sdn bhd estimating its cash requirement for the third quarter year 2011. The company's projected sales are as follows: month sales (rm) march 170,000 april 160,000 may 140,000 june 180,000 july 200,000 august 220,000 september 195,000 october 180,000 i) cash sales are 10% of the current month's sales, while 90% of them were sold on credit. 60% of the month's credit sales are paid in the month following the sale, while 30% of it are paid in the second month following the sales. another 10% is bad debt. ii) purchases are 50% of sales and were made one month before sales. iii) payments on accounts are on 30% of current month's purchases plus 70% of the previous month's purchases. iv) wages and salaries amounting to 10% of the preceeding month's sales. v) an 8% semi-annually interest payment on rm 100,000 notes payable is to the paid in July 2011. vi) the company plans to pay rm 6,500 in cash for a brand-new computer in august. vii) a quarterly dividend of rm 10,000 will be paid to ABC…
General Manager of Marketing, has recently completed a sales forecast. She believes the company’s sales during the first quarter of 20x1 will increase by 10 percent each month over the previous month’s sales. Then Wilcox expects sales to remain constant for several months. Intercoastal’s projected balance sheet as of December 31, 20x0, is as follows: Cash$55,000 Accounts receivable 324,000 Marketable securities 15,000 Inventory 211,200 Buildings and equipment (net of accumulated depreciation) 634,000 Total assets$1,239,200 Accounts payable$241,920 Bond interest payable 6,250 Property taxes payable 6,000 Bonds payable (5%; due in 20x6) 300,000 Common stock 500,000 Retained earnings 185,030 Total liabilities and stockholders’ equity$1,239,200 Jack Hanson, the assistant controller, is now preparing a monthly budget for the first quarter of 20x1. In the process, the following information has been accumulated:Projected sales for December of 20x0 are $480,000. Credit sales typically are 75…
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aa.4
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