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================================ Please answer ALL questions to get positive upvote. Thanks. Budgeted sales are: Sales revenue August September$15,000 October November $14,000 December 19,000 $18,000 $15,000 You
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Please answer ALL questions to get positive upvote.
Thanks.
Budgeted sales are: Sales revenue August September$15,000 October November $14,000 December 19,000 $18,000 $15,000 You collect 50% of sales revenue as cash in the month of the sale, 40% in the following month, and 10% two months after the sale a) Compute budgeted cash inflows for October and November: October13500 November-$ 14800X Remember to go backwards in t me: e g the previous month (September) 40% of September revenue is collected in the following month October . This implies that a sh n o s for October include 4 % of sales rom c) A firm is about to run out of cash. What can it do to mitigate the cash shortage? (select all that apply) postpone payments to suppliers O repay bank loans early to reduce debt postpone equipment purchases borrow money buy new equipment encourage customers to pay their bills early (e.g., offer a discount for early payment) encourage customers to pay in cash (e.g., offer a discount for cash payment) Budgeted sales are: Sales revenue August September$15,000 October November $14,000 December 19,000 $18,000 $15,000 You collect 50% of sales revenue as cash in the month of the sale, 40% in the following month, and 10% two months after the sale a) Compute budgeted cash inflows for October and November: October13500 November-$ 14800X Remember to go backwards in t me: e g the previous month (September) 40% of September revenue is collected in the following month October . This implies that a sh n o s for October include 4 % of sales rom c) A firm is about to run out of cash. What can it do to mitigate the cash shortage? (select all that apply) postpone payments to suppliers O repay bank loans early to reduce debt postpone equipment purchases borrow money buy new equipment encourage customers to pay their bills early (e.g., offer a discount for early payment) encourage customers to pay in cash (e.g., offer a discount for cash payment)Step by Step Solution
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