Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014: $1,816,000 (October), $1,570,000 (November), and $2,074,000 (December). It posted the following sales figures for the third quarter of 2014: $1,859,000 (July), $1,945,000 (August), and $2,164,000 (September). The company sells 44% of its products on credit, and 56% are cash sales. The company collects credit sales as follows: 29% in the following month, 50% two months later, and 18% three months later, with 3% defaults. What are the anticipated cash inflows for the last quarter of 2014? Given the July sales of $1,859,000, The amount collected in July is (Round to the nearest dollar.) The amount collected in August is (Round to the nearest dollar.) The amount collected in September is (Round to the nearest dollar.) The amount collected in October is (Round to the nearest dollar.) The amount not collected is (Round to the nearest dollar.) Given the August sales of $1,945,000, The amount collected in August is (Round to the nearest dollar.) The amount collected in September is (Round to the nearest dollar.) The amount collected in October is (Round to the nearest dollar.) The amount collected in November is (Round to the nearest dollar.) The amount not collected is (Round to the nearest dollar.) Given the September sales of $2,164,000, The amount collected in September is (Round to the nearest dollar.) The amount collected in October is (Round to the nearest dollar.) The amount collected in November is (Round to the nearest dollar.) The amount collected in December is (Round to the nearest dollar.) The amount not collected is (Round to the nearest dollar.) Given the October sales of $1,816,000, The amount collected in October is (Round to the nearest dollar.) The amount collected in November is (Round to the nearest dollar.) The amount collected in December is (Round to the nearest dollar.) The amount collected in January is (Round to the nearest dollar.) The amount not collected is (Round to the nearest dollar.) Given the November sales of $1,570,000, The amount collected in November is (Round to the nearest dollar.) The amount collected in December is (Round to the nearest dollar.) The amount collected in January is (Round to the nearest dollar.) The amount collected in February is (Round to the nearest dollar.) The amount not collected is (Round to the nearest dollar.) Given the December sales of $2,074,000, The amount collected in December is (Round to the nearest dollar.) The amount collected in January is (Round to the nearest dollar.) The amount collected in February is (Round to the nearest dollar.) The amount collected in March is (Round to the nearest dollar.) The amount not collected is (Round to the nearest dollar.) The receipts for October are (Round to the nearest dollar.) The receipts for November are (Round to the nearest dollar.) The receipts for December are (Round to the nearest dollar.)
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014:
$1,816,000
(October),
$1,570,000
(November), and
$2,074,000
(December). It posted the following sales figures for the third quarter of 2014:
$1,859,000
(July),
$1,945,000
(August), and
$2,164,000
(September). The company sells
44%
of its products on credit, and
56%
are cash sales. The company collects credit sales as follows:
29%
in the following month,
50%
two months later, and
18%
three months later, with
3%
defaults. What are the anticipated
Given the July sales of $1,859,000,
The amount collected in July is (Round to the nearest dollar.)
The amount collected in August is (Round to the nearest dollar.)
The amount collected in September is (Round to the nearest dollar.)
The amount collected in October is (Round to the nearest dollar.)
The amount not collected is (Round to the nearest dollar.)
Given the August sales of $1,945,000,
The amount collected in August is (Round to the nearest dollar.)
The amount collected in September is (Round to the nearest dollar.)
The amount collected in October is (Round to the nearest dollar.)
The amount collected in November is (Round to the nearest dollar.)
The amount not collected is (Round to the nearest dollar.)
Given the September sales of $2,164,000,
The amount collected in September is (Round to the nearest dollar.)
The amount collected in October is (Round to the nearest dollar.)
The amount collected in November is (Round to the nearest dollar.)
The amount collected in December is (Round to the nearest dollar.)
The amount not collected is (Round to the nearest dollar.)
Given the October sales of $1,816,000,
The amount collected in October is (Round to the nearest dollar.)
The amount collected in November is (Round to the nearest dollar.)
The amount collected in December is (Round to the nearest dollar.)
The amount collected in January is (Round to the nearest dollar.)
The amount not collected is (Round to the nearest dollar.)
Given the November sales of $1,570,000,
The amount collected in November is (Round to the nearest dollar.)
The amount collected in December is (Round to the nearest dollar.)
The amount collected in January is (Round to the nearest dollar.)
The amount collected in February is (Round to the nearest dollar.)
The amount not collected is (Round to the nearest dollar.)
Given the December sales of $2,074,000,
The amount collected in December is (Round to the nearest dollar.)
The amount collected in January is (Round to the nearest dollar.)
The amount collected in February is (Round to the nearest dollar.)
The amount collected in March is (Round to the nearest dollar.)
The amount not collected is (Round to the nearest dollar.)
The receipts for October are (Round to the nearest dollar.)
The receipts for November are (Round to the nearest dollar.)
The receipts for December are (Round to the nearest dollar.)
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