Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help on this I'm not sure how to complete the chart Homework: Ch.22 HW Learning Objective 4 Save core: 0 of 50 pts

I need help on this I'm not sure how to complete the chart

image text in transcribed
Homework: Ch.22 HW Learning Objective 4 Save core: 0 of 50 pts 2 of 5 (0 complete) HW Score: 0%, 0 of 69 pts CYU22-2 (similar to) i More Info - X Primary Learning had prepared the following sales budget, schedule of budgeted cash receipts, and cash budget for Suppose a change in the receipt of cash from sales on account is a 2019: i (Click the icon to view the revised receipt of cash information.) (Click the icon to view the original budgets.) Primary Learning decided to revise its sales budget to show fourth quarter sales of 900 tablets due to the expectation of Read the requirements. 30% in the quarter of the sale 35% in quarter after the sale Increased holiday sales. (Click the icon to view the revised sales budget.) 34% two quarters after the sale Quarter Quarter Quarter Quarter Total 1% never collected Cash Receipts from Customers: Accounts Receivable balance, December 31, 2018 Print Done 1st Qtr.-Cash sales 1st Qtr.-Credit sales collected in 1st qtr. 1st Qtr.-Credit sales collected in 2nd qtr. i Reference 1st Qtr.-Credit sales collected in 3rd qtr. 2nd Qtr.-Cash sales Primary Learning 2nd Qtr.-Credit sales collected in 2nd qtr. Sales Budget 2nd Qtr.-Credit sales collected in 3rd qtr. For the Year Ended December 31, 2019 2nd Qtr.-Credit sales collected in 4th qtr. First Second Third Fourth 3rd Qtr.-Cash sales Quarter Quarter Quarter Quarter Total 3rd Qtr.-Credit sales collected in 3rd qtr. Budgeted tablets to be sold 450 750 1,200 900 3,300 3rd Qtr.-Credit sales collected in 4th qtr. Sales price per unit 450 $ 450 450 $ 450 450 4th Qtr.-Cash sales Total sales $ 202.500 $ 337,500 $ 540,000 $ 405.000 $ 1,485,000 4th Qtr.-Credit sales collected in 4th qtr. Total cash receipts from customers Print Done Enter any number in the edit fields and then click Check

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_2

Step: 3

blur-text-image_3

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

Financial Accounting Theory And Analysis Text And Cases

Authors: Richard G Schroeder, Myrtle W Clark, Jack M Cathey

13th Edition

1119577772, 9781119577775

More Books

Students also viewed these Accounting questions

Question

Evaluate the indefinite integral. dx

Answered: 1 week ago