Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 13 1 Point XOXO company expects to have the following sales for the last quarter of 2021: P200,000.00 (Oct) P250,000.00 (Nov) P300,000.00 (Dec). Sales

image text in transcribedimage text in transcribedimage text in transcribed
image text in transcribedimage text in transcribedimage text in transcribed
Question 13 1 Point XOXO company expects to have the following sales for the last quarter of 2021: P200,000.00 (Oct) P250,000.00 (Nov) P300,000.00 (Dec). Sales are all on account: 60% are collected on the month of sales and 40% are collected the following month. Sales on account for September is P200,000.00. What is the estimated cash receipt for November? A P250,000.00 B P230,000.00 C P200,000.00 D P280,000.00Question 14 Dosan Company desires an ending inventory of 140.000 units. It has a beginning inventory of130.000 units. The amount to be produced of Dosan is 530,000 units. Cost of sales is 65%. How much is the expected sales to be? Question 15 1 Point Black Corporation has forecasted sales in 2020 as follows: Jan-P120,000 Feb-P160,000 Mar-P180,000 Apr-P240,000. December 2019 sales is P100,000. Sales are collected 25% for the month, 50% the following month and balance for the month again. The amount of cash collected from sales during the month of January is_ A P110,500 B P100,000 P100,500 D P110,000

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

Intermediate Accounting Volume 1

Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod Dick

7th Edition

1260306747, 978-1260306743

More Books

Students also viewed these Accounting questions

Question

3. If possible, break the presentation into clear steps or stages.

Answered: 1 week ago

Question

Create a Fishbone diagram with the problem being coal "mine safety

Answered: 1 week ago

Question

1. What is the meaning of the information we are collecting?

Answered: 1 week ago

Question

3. How much information do we need to collect?

Answered: 1 week ago

Question

2. What types of information are we collecting?

Answered: 1 week ago