Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

HELP PLEASE Doublo Tongues, Inc provides online lessons in speaking a foreign language. The firm currently sells ts monthly membership for 5127. While they sell

HELP PLEASE
image text in transcribed
image text in transcribed
Doublo Tongues, Inc provides online lessons in speaking a foreign language. The firm currently sells ts monthly membership for 5127. While they sell 29% cash memberships, the remaining 71% of sales are on credit. The credit sales are collected as follows 30% in the month of the sale, 51% in the month following the sale, and 17% in the second month following the solo 2% remains un collectible over this period Sales for the next several months are given below Sales in Units February 22,762 units March 21,293 units April 25,849 units May 26,285 units Juno 17,756 units July 17,556 units Round al calculations to the nearest hundredth (two decimal places) 1. How much cash will be collected in APRIL from APRIL 2 O A $952,016,67 OB $699,2413 OC. $1,651,259.97 OD. $3,202,823 2 How much cash will be collected in APRIL from MARCH sales? OA $364.798 06 OB. $396,236.74 OC. $575,996.94 OD. $979.194.8 3. How much cash will be collected in APRIL from FEBRUARY sales? O A $2809,504 B. $41030.90 OC. $340.76.13 OD. 51,046 2894 Click to select your answer Double Tongues, Inc. provides online lessons in speaking a foreign language. The firm currenty sells its monthly membership for 5127. While they sell 29% cash memberships, the remaining 71% of sales are on credit. The credit sales are collected as follows 30% in the month of the sale, 51% in the month following the sale, and 17% in the second month following the sale 2% remains uncollectible over this period Sales for the next several months are given below. Sales in Units February 22,752 units March 21,293 units April 25,849 units 26,285 units June 17756 units July 17,656 units May 4. What part of Entry soles remain UNPAID at the end of APRIL (Including the part that will never be collected)? OA 50 OB. $41.030.96 OC. $348 763.13 OD. $2,609,504 5 What part of Match sales remain UNPAID at the end of APRIL (including the part that will never be collectedy? OA $364.798.06 OB. SO O C. 1979.1946 OD. 3396,236.74 What part of Andalos remain UNPAID at the end of APRIL (ncluding the past that will never be collected)? O A $1,100,710 21 OB. $99623674 OC 51691,663.04 OD. 13.202.023 Click to select your

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

Auditing Practices A Complete Guide

Authors: Gerardus Blokdyk

2023rd Edition

1038804450, 978-1038804457

More Books

Students also viewed these Accounting questions