Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2-6 Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014 $1,804,000 (October), 81,644 000 (November). and $2,001,000 (December) It posted the following

2-6
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014 $1,804,000 (October), 81,644 000 (November). and $2,001,000 (December) It posted the following sales figures for the third quarter of 2014: $1.919,000 (July). $1 999,000 (August), and $2,139,000 (September). The company sells 35% of its products on credit, and 65% are cash sales. The company collects credit sales as follows 32% in the following month, 49% two months later, and 17% three months later, with 2% defaults. What are the anticipated cash innows for the last quarter of 2014? Given the July sales of $1,919,000, 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 dolla) The amount not collected is $ (Round to the nearest dollar) Given the August sales of $1.999,000, 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 dotary The amount not collected is s (Round to the nearest dollar) sul Sales receipts, California Cement Company anticipates the following fourth quarter sales for 2014: $1,804,000 (October), $1,614,000 (November), and $2,001,000 (December). It posted the following sales figures for the third quarter of 2014 $1.919,000 (July), 51,999.000 (August), and $2,139,000 (September). The company sells 35% of its products on credit, and 65% are cash sales. The company collects credit sales as follows 32% in the following month. 49% two months later, and 17% three months later, with 2% defaults What are the anticipated cash inflows for the last quarter of 2014? ERN ing Given the September sales of $2,139,000, 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 doltar) Given the October sales of $1.804,000, 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 5 (Round to the nearest dollar) The amount not collected is $ (Round to the nearest dolar) ad 3001 ilit bate Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014: $1,804,000 (October). $1,614,000 (November) and $2,001,000 (December). It posted the following sales figures for the third quarter of 2014 $1.919,000 (July), 51,999,000 (August), and $2,139,000 (September). The company sells 35% of its products on credit, and 65% are cash sales. The company collects credit sales as follows: 32% in the following month, 49% two months later, and 17% three months later, with 2% defaults. What are the anticipated cash inflows for the last quarter of 2014? CASES Given the November sales of $1,614,000 The amount collected in November is $ (Round to the nearest doltar) 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 dolar) Given the December sales of $2.001.000, The amount collected in December is $(Round to the nearest dollar ) The amount collected in January is s] (Round to the nearest dollar) The amount collected in February is $0 (Round to the nearest dolar) The amount collected in March is $ (Round to the nearest dollar) The amount not collected is $. (Round to the nearest dollar) SUL Sales receipts. California Cement Company anticipates the following fourth quarter sales for 2014: $1,804,000 (October), 51,614,000 (November). and $2,001.000 (December) It posted the following sales figures for the third quarter of 2014 $1,919,000 (July). 51,999,000 (August), and $2,139,000 (September). The company sells 35% of its products on credit, and 65% are cash sales. The company collects credit sales as follows 32% in the following month, 49% two months later, and 17% three months later, with 2% defaults. What are the anticipated cash inflows for the last quarter of 2014? SEE ERN no The amount collected in January is $ (Round to the nearest dollar) The amount collected in February is $(Round to the nearest dotar) The amount not collected is $. (Round to the nearest dollar) Given the December sales of $2,001,000, The amount collected in December is $(Round to the nearest dollar) The amount collected in January is $. (Round to the nearest doltar.) The amount collected in February is $ (Round to the nearest dolar) 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) 00 lity 24 mate crig 12

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Economics Of Money Banking And Finance

Authors: Keith Bain, Peter Howells

1st Edition

0582278007, 9780582278004

More Books

Students also viewed these Finance questions