Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

needing help with june and july part B Scare-2-8-U (S2BU) specializes in costumes for all occasions. The average price of each of its costumes is

needing help with june and july part B
image text in transcribed
image text in transcribed
image text in transcribed
Scare-2-8-U (S2BU) specializes in costumes for all occasions. The average price of each of its costumes is $310. For each occasion, S2BU receives a 20 percent deposit two months before the occasion, 40 percent the month before, and the remainder on the day the costume is delivered. Based on information at hand, managers at S2BU expect to make costumes for the following number of occasions during the coming months April May June Joly August September 55 30 15 40 50 115 Required: a. What are the expected revenues for S2BU for each month, April through September? Revenues are recorded in the month of the occasion b. What are the expected cash receipts for each month, April through July? Required A Hequired B What are the expected revenues for 5213 for each month, April through September? Revenues are recorded in the month of the occasion Apri Mary Ane Revenue $ 17,050 $ 9300 $ 4,650 $ 12,400 5 15,500 5 35.650 [auty August September Required A Required Arl what are the expected cash receipts for each month, April through July? Cash Receipts $ 11.470 May $ 8.000 June 5 10.230 July 18.910

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

Modern Auditing

Authors: Graham Cosserat

2nd Edition

0470863226, 978-0470863220

More Books

Students also viewed these Accounting questions