{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-29T01:17:39-04:00", "answer_date": "2024-06-29 01:17:39", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4436724", "url": "\/study-help\/questions\/please-could-i-have-a-step-by-step-solution-exercise-4436724", "question_creation_date_js": "2024-06-29T01:17:39-04:00", "question_creation_date": "Jun 29, 2024 01:17 AM", "meta_title": "[Solved] *PLEASE COULD I HAVE A STEP BY STEP SOLUT | SolutionInn", "meta_description": "Answer of - *PLEASE COULD I HAVE A STEP BY STEP SOLUTION* Exercise 23.16 Estimated cash receipts The budgeted monthly service reve | SolutionInn", "meta_keywords": "*,step,solution*,exercise,23.16,estimated,cash,receipts,budgeted,monthly,service,revenues", "question_title_h1": "*PLEASE COULD I HAVE A STEP BY STEP SOLUTION* Exercise 23.16 Estimated cash receipts The budgeted monthly service revenues for Causeway Contractors for January to", "question_title": "*PLEASE COULD I HAVE A STEP BY STEP SOLUTION* Exercise 23.16 Estimated", "question_title_for_js_snippet": " PLEASE COULD I HAVE A STEP BY STEP SOLUTION Exercise 23 16 Estimated cash receipts The budgeted monthly service revenues for Causeway Contractors for January to June are presented below The entity's experience is that 80 of monthly invoicing for services is on a credit basis All cash sales receive an 8 discount Of the credit sales, 40 are collected in the month following the service, 35 are collected in the second month following, and 22 are collected in the third month after invoicing 3 are never collected Total actual revenue invoiced during December was $23 000 and for November was $33 000 Ignore GST The projected service revenues by month are as follows", "question_description": "

*PLEASE COULD I HAVE A STEP BY STEP SOLUTION*<\/p>

<\/p>

Exercise 23.16 Estimated cash receipts The budgeted monthly service revenues for Causeway Contractors for January to June are presented below. The entity's experience is that 80% of monthly invoicing for services is on a credit basis. All cash sales receive an 8% discount. Of the credit sales, 40% are collected in the month following the service, 35% are collected in the second month following, and 22% are collected in the third month after invoicing; 3% are never collected. Total actual revenue invoiced during December was $23 000 and for November was $33 000. Ignore GST. The projected service revenues by month are as follows<\/p>

<\/p>

<\/p>

\"image<\/div><\/div><\/div>", "transcribed_text": "", "related_book": { "title": "Intermediate Accounting", "isbn": "470964731, 978-0470964736, 978-0470161012", "edition": "9th Canadian Edition, Volume 2", "authors": "Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/516.jpg", "uri": "\/textbooks\/intermediate-accounting-9th-canadian-edition-volume-2-516", "see_more_uri": "" }, "free_related_book": { "isbn": "3110344211", "uri": "\/textbooks\/wind-turbine-airfoils-and-blade-optimization-design-theory-1st-edition-9783110344219-9783110383744", "name": "Wind Turbine Airfoils And Blade Optimization Design Theory", "edition": "1st\u00a0Edition" }, "question_posted": "2024-06-29 01:17:39", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/this-comment-appeared-in-the-annual-report-of-mac-cloud", "description": "This comment appeared in the annual report of Mac Cloud Inc.: The Company could pay cash or property dividends on the Class A common stock without paying cash or property dividends on the Class B...", "stars": 3 }, { "url": "\/study-help\/business-statistics-in-practice\/26-energy-investment-with-information-the-company-in-exercises-14-1983667", "description": "=+26. Energy investment with information. The company in Exercises 14, 22, and 24 could send a team to Saudi Arabia to obtain additional information about the probabilities that oil will increase or...", "stars": 3 }, { "url": "\/who-are-ibms-biggest-competitors-today-and-what-risks-do", "description": "Who are IBMs biggest competitors today, and what risks do they face with their current strategy?", "stars": 3 }, { "url": "\/study-help\/questions\/feeney-furniture-prepared-the-following-sales-budget-month-march-april-9850415", "description": "Feeney Furniture prepared the following sales budget Month March April May June Cash Sales $20,000 $38,000 $37,000 $51,000 Credit Sales $15,000 $13,000 $38,000 S53,000 Credit collections are 10% two...", "stars": 3 }, { "url": "\/study-help\/questions\/1-after-picking-a-public-dataset-look-at-what-variables-3719855", "description": "1. After picking a public dataset look at what variables are available in the data. 2. Explore how variables confound and interact with each other through exploratory analysis - you may use any data...", "stars": 3 }, { "url": "\/study-help\/questions\/propose-three-upgrading-solutions-for-the-hq-minimum-five-floors-999759", "description": "Propose THREE upgrading solutions for the HQ (minimum FIVE floors). Your proposal MUST be based on upgrading the existing HQ network infrastructure you have discussed above. Provide detail...", "stars": 3 }, { "url": "\/study-help\/questions\/how-could-you-use-social-media-such-as-the-companys-999763", "description": "How could you use social media such as the company's Facebook page, its official blog, and the blogs and pages of individual departments and employees to collect information that would potentially be...", "stars": 3 }, { "url": "\/study-help\/questions\/as-one-of-the-botho-students-who-has-done-1000144", "description": ". As one of the Botho students, who has done standard costing as one of the topics in the Cost Accounting module, you have been invited to come and table a discussion on possible causes of variances...", "stars": 3 }, { "url": "\/study-help\/questions\/students-must-both-address-the-discussion-forum-issues-as-well-999749", "description": "Students must both address the Discussion Forum issue(s), as well as comment on the posts of a minimum of two of their classmates to adequately complete the assignment. Students striving for a...", "stars": 3 }, { "url": "\/study-help\/questions\/1-abc-inc-is-a-big-manufacturing-organization-based-in-1011875", "description": "1) ABC Inc. is a big manufacturing organization based in the USA. It has multiple branches in different states in the USA. All servers and workstations of each branch are connected through LANs, and...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/i-need-answer-for-part-two-question-1-and-two-4436723", "next": "\/study-help\/questions\/while-doing-a-back-squat-youre-doing-reps-with-300-4436725" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": "*PLEASE COULD I HAVE A STEP BY STEP SOLUTION* Exercise 23.16 Estimated", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/please-could-i-have-a-step-by-step-solution-exercise-4436724" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } } }