Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sales receipts. California Cement Company anticipate the following fourth quarter sales for 2014 $1,820,000 (October), 51,633,000 (November) and $2,152,000 (December). It posted the following sales

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Sales receipts. California Cement Company anticipate the following fourth quarter sales for 2014 $1,820,000 (October), 51,633,000 (November) and $2,152,000 (December). It posted the following sales figures for the third quarter of 2014 $1,879,000 Quy)S1,922,000 (August), und $2,167,000 (September) The company sells 45% of its products on credit, and 55% are cash sales. The company collects credit sales as follows: 30% in the following month, 50% two months later and 17% three months later, with 3% details. What are the anticipated cash inflows for the last quarter of 20142 Given the July sales of $1,870,000, The amount collected in July is $ (Round to the nearest dollar) The amount collected in August is $ (Round to the nearest doilar) The amount collected in September is $ Round to the nearest dollar) The amoont collected in October is Round to the nearest dot) The amount not collected is (Round to the nearest coat) Given the Augustus of $1.922.000 The amount collected in Augusti (Rund to the nearest dollar) The amount collected in September in 2 Round to the rest dollar) The amount collected in October is Round to the nearest della The amour collected in November is $1. (Round to the nearest dollar) The amount not collected is $(Round to the nearest dollar) Given the September sales of $2,167,000, The amount collected in September is $. (Round to the newest dollar) The amount collected in October is $ (Round to the nearest dollar) The amount collected in November is $(Round to the nearest doll) The amount collected in December is $(Round to the newest dollar) The amount not collected is $ (Round to the nearest dollar) Given the October sales of $1 820,000 (Round to the nearest dollat) The amount collected in October is The amount collected in November is $ . (Round to the nearest dollar.) The amount collected in December is $. (Round to the nearest dollar.) The amount collected in January is $. (Round to the nearest dollar.) The amount not collected is $ (Round to the nearest dollar) Given the November sales of $1,633,000 The amount collected in November is $. (Round to the nearest dollar) The amount collected in December is $. (Round to the nearest dollar) The amount collected in January is $. (Round to the nearest dollar) The amount collected in February is ${Round to the nearest dollar) The amount not collected is $(Round to the nearest dollar) Given the December sales of $2,152,000, The amount collected in December is $| (Round to the nearest dollar) The amount collected in January is $. (Round to the nearest dollar) The amount collected in February is $ (Round to the nearest dollar.) The amount collected in March is $ (Round to the nearest dollar) The amount not collected is $. (Round to the nearest dollar) The receipts for October are $ (Round to the nearest dollar) The receipts for November are $(Round to the nearest dollar) The receipts for December are $1. (Round to the nearest dollar)

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

Treasury Financial Manual Volume II III And IV

Authors: US Treasury

1st Edition

1790321824, 978-1790321827

More Books

Students also viewed these Accounting questions

Question

=+c. Roughly what proportion of the observations are less than 90?

Answered: 1 week ago