Sales receipts. National Beverage Company anticipates the following first-quarter sales for 2015: $1,823,000 (January), $1,586,000 (February), and $2.172.000 (March). It posted the following sales figures for the last quarter of 2014: $1,904.000 (October), $2,056.000 (November), and $2,216.000 (December). The company sells 44% of its products on credit: 56% are cash sales. The company collects credit sales as follows: 31% in the following month, 50% two months later, and 17% three months later, with 2% defaults. What are the anticipated cash inflows for the first quarter of 2015? KIEHE Of the $1.904.000 October sales The amount collected in October is S Round to the nearest dollar

Sales receipts. National Beverage Company anticipates the following first-quarter sales for 2015: $1,823,000 (January), $1,586,000 (February), and $2.172.000 (March). It posted the following sales figures for the last quarter of 2014: $1,904.000 (October), $2,056.000 (November), and $2,216.000 (December). The company sells 44% of its products on credit: 56% are cash sales. The company collects credit sales as follows: 31% in the following month, 50% two months later, and 17% three months later, with 2% defaults. What are the anticipated cash inflows for the first quarter of 2015? KIEHE Of the $1.904.000 October sales The amount collected in October is S Round to the nearest dollar

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 9EA: Cash collections for Wax On Candles found that 60% of sales were collected in the month of the sale,...

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