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ValueComp Inc. is a retail distributor for MZB-33 computer hardware and related software and support services. ValueComp prepares annual sales forecasts of which the first six months for 2019 are presented here. i (Click the icon to view the cash collections, cash receipts, and inventory information.) (Click the icon to view the sales forecast for the first six months of 2019.) Required Requirement 1. Calculate the cash that ValueComp Inc. can expect to collect during April 2019. Be sure to show all o your calculations. (Show all 2019 months in the cash collections. If the cash collected is zero, enter "0".) April cash receipts: Collections on account: Total collectionsValueComp Inc. is a retail distributor for MZB-33 computer hardware and related software and support services. ValueComp prepares annual sales forecasts of which the first six months for 2019 are presented here. i (Click the icon to view the cash collections, cash receipts, and inventory information.) (Click the isme to winwu ton finat air Required Sales forecast - X Requiremen show all c your calculate ValueComp, Inc. April cash re Sales Forecast for First Six Months of 2019 Hardware Sales Software Sales Total Units Dollars and Support Revenues Collections January 51 $ 122,400 $ 437,600 $ 560,000 February 129 309,600 205,400 515,000 March 140 336,000 154,000 490,000 April 120 288,000 127,000 415,000 Total collecti May 109 261,600 168,400 430,000 June 121 290,400 279,600 570,000 Total 670 $ 1,608,000 $ 1,372,000 $ 2,980,000 Print DoneValueComp Inc. is a retail distributor for MZB-33 computer hardware and related software and support services. ValueComp prepares annual sales forecasts of which the first six months for 2019 are presented here. i (Click the icon to view the cash collections, cash receipts, and inventory information.) (Click the icon to view the sales forecast for the first six months of 2019.) Required Requirement 1. Calculate the cash that ValueComp Inc. can expect to collect during April 2019. Be sure to show all of Required X 1. Calculate the cash that ValueComp Inc. can expect to collect during April 2019. Be sure to show all of your calculations. 2. ValueComp Inc. is determining how many MZB-33 computer hardware units to order on January 25, 2019. a. Determine the projected number of computer hardware units that will be ordered. b. Calculate the dollar amount of the order that ValueComp will place for these computer hardware units. 3. As part of the annual budget process, ValueComp prepares a cash budget by month for the entire Print DoneValueComp Inc. is a retail distributor for MZB-33 computer hardware and related software and support services. ValueComp prepares annual sales forecasts of which the first six months for 2019 are presented here. i (Click the icon to view the cash collections, cash receipts, and inventory information.) (Click the icon to view the sales forecast for the first six months of 2019.) Required i Cash collections, cash receipts, and inventory info - X Cash sales account for 15% of ValueComp's total sales, 30% of the total sales are paid by bank credit card, and the remaining 55% are on open account (ValueComp's own charge accounts). The cash sales and cash from bank credit card sales are received in the month of the sale. Bank credit card sales are subject to a 4% discount deducted at the time of the daily deposit. The cash receipts for sales on open account are 70% in the month following the sale and 24% in the second month after the sale. The remaining accounts receivable are estimated to be uncollectible. ValueComp's month-end inventory requirements for computer hardware units are 30% of the next month's sales. A one-month lead time is required for delivery from the manufacturer. Thus, orders for computer hardware units are placed on the 25th of each month to assure that they will be in the store by the first day of the month needed. The computer hardware units are purchased under terms of n/45 (payment in full within 45 days of invoice), measured from the time the units are delivered to ValueComp. ValueComp's purchase price for the computer units is 64% of the selling price. Print Done Choose from any list or enter any number in the input fields and then continue to the next
