Answered step by step
Verified Expert Solution
Question
1 Approved Answer
6-62 Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014: $1,733,000 (October), $1,685,000 (Novembe and $2,186,000 (December). It posted the following sales
6-62
Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014: $1,733,000 (October), $1,685,000 (Novembe and $2,186,000 (December). It posted the following sales figures for the third quarter of 2014. $1,871,000 (July). $1,949,000 (August), and $2.280,000 (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 las quarter of 2014? - Given the July sales of $1,871,000, 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 s (Round to the nearest dolar) 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 $1.949,000 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 $2,280,000, The amount collected in September is $(Round to the nearest dollar) The amount collected in October is 5 (Round to the nearest dollar) ce di View an example Etext pages Financial calculator Submit quiz pornit s possible Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2014: $1,733,000 (October). $1,685,000 (November and $2,186,000 (December). It posted the following sales figures for the third quarter of 2014 $1,871,000 (July). $1.949,000 (August), and $2,280,000 (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 20142 Given the September sales of $2,280,000, 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 $1,733,000, 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 $1,685,000, The amount collected in November is $ (Round to the nearest dollar) The amount collected in December is $ (Round to the nearest dollar) Sales receipts. California Cement Company anticipates the following fourth quarter sales for 2014: $1,733,000 (October), 51,685,000 (November). and $2,186,000 (December). It posted the following sales figures for the third quarter of 2014: $1,871,000 (July), $1.949,000 (August), and $2,280,000 (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? Given the November sales of $1,685,000, 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 $2,186,000 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 5 (Round to the nearest dollar) The receipts for December are s1 (Round to the nearest dollar) $ t ce Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started