What is Emersyn's expected accounts receivable balance on the June 30th balance sheet?a. $20,400b. $70,380c. $90,780d. $106,800How much cash does Emersyn expect to collect this quarter (April, May, and June) from allsales?a. $37,950b. $63,750c. $149,725d. $265,935 Emersyn IndustriesEmersyn Industries makes Elsa dolls. Emersyn likes to have 20% of the next month's sales needs inending finished goods inventory. Each doll requires 1.5 yards of fabric that costs Emersyn $0.50 peryard. Emersyn requires that ending inventory of direct materials (fabric) on hand at the end of eachmonth be equal to 40% of the following month's production needs.From past experience, the company has learned that 15% of the company's sales are for cash. Theremaining sales are made on credit with 10% collected in the month of sale, 60% collected in the monthfollowing the sale, and 30% in the second month following the sale. The following data was taken fromEmersyn's master budget:FebruaryMarchAprilMayJuneExpected Production Units6,9408,20010,4008,2409,660Expected Sales Units6,8007,50011,0008,0009,200Expected Sales $$68,000$75,000$110,000$80,000$92,000

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What is Emersyn's expected accounts receivable balance on the June 30th balance sheet? a. $20,400 b. $70,380 c. $90,780 d. $106,800

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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