Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 09, 2024

Daybook Inc. collects 30% of its sales on account in the month of the sale and 70% in the month $116,000 for October, what are

Daybook Inc. collects 30% of its sales on account in the month of the sale and 70% in the month $116,000 for October, what are the budgeted cash receipts from sales on account for October? lowing the sale sales on account are budgeted to be S105 000 ir september and

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

=+ (d) Let v(B)=[xv,(B)u(dx). Show that "(XX B) =v(B) and [() ()={[(>(dy)w (x).

Answered: 1 week ago

Question

★★★★★

The accountant for Nellys Dress Shop prepared the fourth quarter 2011 cash budget that appears on the following spreadsheet. Nellys has a policy to maintain a minimum cash balance of $14,000 before...

Answered: 1 week ago

Question

★★★★★

(Portfolio beta and CAPM) You are putting together a portfolio made up of four different stocks. However, you are considering two possible weightings: a. What is the beta on each portfolio? b. Which...

Answered: 1 week ago

Question

★★★★★

Social media is an increasingly important tool for businesses to market their products and services. With the holiday shopping season fast approaching, it is essential that businesses understand how...

Answered: 1 week ago

Question

★★★★★

Suppose you wake-up one morning and all news outlets are reporting the following: Congress has just passed & the president has approved legislation that would change the U. S. currency. Now, instead...

Answered: 1 week ago

Question

★★★★★

Which of the following is clearly an absolute criterion that must be met? Multiple Choice The employee Wellness Center must cost less than $250,000 to build. The band for the picnic should be able to...

Answered: 1 week ago

Question

★★★★★

Conrad sends his quality control manager to Mexico to ensure the quality of a new manufacturer is meeting specifications. Which risk is Conrad addressing? Question 20 options: Process risk Control...

Answered: 1 week ago

Question

★★★★★

Exercise 5-4 Allocation of Cost and Workpaper Entries at Date of Acquisition On January 1, 2012, Porter Company purchased an 80% interest in Salem Company for $260,000. On this date, Salem Company...

Answered: 1 week ago

Question

★★★★★

One World Not Three (OWNT) Relief Fund is an international nonprofit relief agency based in the United States. OWNT recently celebrated its tenth anniversary and is in the middle of trying to expand...

Answered: 1 week ago

Previous Question Next Question