Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

NE E9-31A (similar to) Ahmed Roda marture of taxophone, con and clarinet reeds, fant projected sales to be $200,000 in October, 1952,000 in November 51.025,000

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
NE E9-31A (similar to) Ahmed Roda marture of taxophone, con and clarinet reeds, fant projected sales to be $200,000 in October, 1952,000 in November 51.025,000 in December, and 9625,000 in January d'ales e 25% cash and 75 credit. The company's collection history indicates that credits are collected as follows: 20% in the months in the month her the sale 12. Two months what the sale We never bollected Requirements Requirement 1. Praeses budget for all four months, showing the breakdown on cosind credit se Ahmed Reeds Sales Budget For the Four Month Ended January Requirement 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales. Ahmed Reeds Sales Budget For the Four Months Ended January natakar Nama Danmar Enter any number in the edit fields and then click Check Answer. Requirements October November December January Cash sales Credit sales Total sales Question Help 0 Fielding Corporation has found that 80% of its sales in any given month are credit sales while the remainder are cash sales of the credit sales, Fielding Corporation has experienced the following collection pattern: 20% received in the month of the sale 40% received in the month after the sale crived two months after the sale November sales for last year were $90,000, while December sales were 5110000 Projected sales for the next three months are as follows: January sales $ 155,000 February sales $ 115.000 March sales 5 170 000 Fielding Corporation Cash Collections Budget For the Months of January through March January Feuing Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Fielding Corporation has experienced the following collection pattern: 20% received in the month of the sale 40% received in the month after the sale 22% received two months after the sale Fielding Corporation Cash Collections Budget For the Months of January through March January 40% received in the month after the sale 22% received two months after the sale For the Months of January through March January Cash sales Collections on credit sales: 20/ Month of nola Enter any number in the edit fields and Answer TU JUILDI any given monu the remainder are cash sales. Of the credit sales, Fielding Corporation following collection pattern: 20% received in the month of the sale 40% received in the month after the sale 22% received two months after the sale 20% Month of sale 40% Month after 22% Two months after Total cash collections Enter any number in the edit fields and then click Check Answer. 3 parts remaining The Sweeney Company is preparing its cash payments budget. The following items relate to cash payments the company anticipates making during the second quarter of the upcoming year Click the icon to view the cash payment information) Requirement Prepare a cash payment budget for April, May, and June and for the quarter.it a box is not used in the table leave the box empty, do not obor a zero) The Sweeney Company Cash Payments Budget For the Months of April through June April May Cash payments for direct materials month June Quarter Cash Payments Budget For the Months of April through June April May Cash payments for direct materials: 50% of current month purchases 50% of last month's purchases June Quarter

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

Accountancy Analysis Of Financial Statements Analysis Of Financial Statements

Authors: M. Hanif, A. Mukherjee

1st Edition

1642879762, 9781642879766

More Books

Students also viewed these Accounting questions