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Cash Budget/Cash Receipts
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1) Rushmore Kitchen Supply has forecast credit sales for the fourth quarter of the year as: March(actual) $75,000 Fourth Quarter - projected April $80,000 May $70,000 June $75,000 Experience has shown that 30 percent of sales are collected in the month of sale, 60 percent in the following...
During the month of April, Simpson Co had cash receipts from customers of $170,000. E
[ 4 Answers ]
During the month of April, Simpson Co had cash receipts from customers of $170,000. Expenses totaled $156,000, and accrual basis net income was $42,000. There were no gains or losses during the month. Question 1: Calculate the revenues for Simpson Co. for April. Was I suppose to throw out...
In a cash budget the cumulative cash balance is equal to?
[ 1 Answers ]
a. Cumulative loan balance minus the ending cash balance. B. cumulative loan balance plus the ending cash balance. C. net cash flow minus the beginning cash balance. D. net cash flow plus the beginning cash balance.
Monthly schedule of cash receipts/balance AR
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Ellis Sport Shop projects the following sales: Ninety percent of Ellis' sales are on credit with 60 percent of receivables collected in the month after the sale and the rest of receivables collected in the second month after the sale. February sales were $60,000 and March sales were... View more questions Search
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