The budget director of Heather's Florist has prepared the following sales budget. The company had $135,600...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664ec030efb87_040664ec03090f41.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664ec0318e6a5_041664ec0312723e.jpg)
Transcribed Image Text:
The budget director of Heather's Florist has prepared the following sales budget. The company had $135,600 in accounts receivable on July 1. Heather's Florist normally collects 100 percent of accounts receivable in the month following the month of sale. Required a. Complete the schedule of eash receipts by filling in the missing amounts. b. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Required A Required B Complete the schedule of cash receipts by filling in the missing amounts. Sales Budget $ July August September 69,000 $ 79,000 $ 89,000 84,000 100,000 135,600 $ 153,000 $ 179,000 $ 224,600) Cash sales Sales on account Total budgeted sales Schedule of Cash Receipts Current cash sales Plus: Collections from accounts receivable Total budgeted collections. . $ 204,600 $ 163,000 $ 189,000 The budget director of Heather's Florist has prepared the following sales budget. The company had $135,600 in accounts receivable on July 1. Heather's Florist normally collects 100 percent of accounts receivable in the month following the month of sale. Required a. Complete the schedule of eash receipts by filling in the missing amounts. b. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Required A Recired B. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet. Accounts receivable < Required A Required B > The budget director of Heather's Florist has prepared the following sales budget. The company had $135,600 in accounts receivable on July 1. Heather's Florist normally collects 100 percent of accounts receivable in the month following the month of sale. Required a. Complete the schedule of eash receipts by filling in the missing amounts. b. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Required A Required B Complete the schedule of cash receipts by filling in the missing amounts. Sales Budget $ July August September 69,000 $ 79,000 $ 89,000 84,000 100,000 135,600 $ 153,000 $ 179,000 $ 224,600) Cash sales Sales on account Total budgeted sales Schedule of Cash Receipts Current cash sales Plus: Collections from accounts receivable Total budgeted collections. . $ 204,600 $ 163,000 $ 189,000 The budget director of Heather's Florist has prepared the following sales budget. The company had $135,600 in accounts receivable on July 1. Heather's Florist normally collects 100 percent of accounts receivable in the month following the month of sale. Required a. Complete the schedule of eash receipts by filling in the missing amounts. b. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet. Complete this question by entering your answers in the tabs below. Required A Recired B. Determine the amount of accounts receivable the company will report on its third quarter pro forma balance sheet. Accounts receivable < Required A Required B >
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Khairul has been working with Tun Hamid Energy Bhd since 1 February 2009 as a Human Resource Executive. Beginning 1 January 2014, he was promoted as Human Resource Manager. Details of his...
-
How does Helicobacter pylori cause stomach ulcers?
-
Blackerby Photo reported the following figures on its December 31, 2018, income statement and balance sheet: Compute the asset turnover ratio for 2018 Round to two decimal places. $ 441,000 Net sales...
-
First write down the definition of 'profit' with which we started this chapter. Try to do it without looking back. Then say whether each of the following statements is true or false. (a) Both capital...
-
Aaron, Deanne, and Keon formed the Blue Bell General Partnership at the beginning of the current year. Aaron and Deanne each contributed $110,000 and Keon transferred an acre of undeveloped land to...
-
Which of the following is not correct? O A. GDP (C - NX) O C. DI > $6,000 O D. (C + 1)
-
1. First, calculate p, the probability of CHD-1 in each level of BP Status. Take advantage of the fact that the mean of a 0/1 variable is the probability or percentage of observations equaling 1. a....
-
Transcribed image text: There are how many subcategory types of EQ Segmentations? a. 8 b. 10 c. 13 d. 15
-
The company is Amazon prepare you choose. Your project will be to research an approved company and summarize in a paper your research findings of their HR organization. Areas to be researched are in...
-
The P/E ratio of Costco is 38. The Price is $531 and you own 100 shares. It reports earnings tomorrow. You expect from your analysis that it will report that it earned $13.50/share. This is a long...
-
Create a 98% confidence interval for the following sample data: You obtain 91 successes in a sample of sizen1=346 from the first population. You obtain 234 successes in a sample of sizen2=585 from...
-
1. Choose a company that interests you= TD Bank or Google or Microsoft. Please make sure this company has at least 30 employees and list them (as much as possible). 2. Research your company and find...
-
In complex industrial environments, it is often tempting to target 'root causes' when attempting to explain accidents or incidents. There is an assumption that, in addressing the root cause, the...
-
Chrome File Edit View History Bookmarks Profiles Tab Window Help Mon 7:45 pm Q DE ... 02L BEA111Assignment2_Macroeco x Q . Search Sheet 5 BEA111Assignment2_Macroeco x *Homework Help - Q&A from Or x +...
-
Listed below are several terms and phrases associated with basic assumptions, broad accounting principles, and constraints. Pair each item from List A (by letter) with the item from List B that is...
-
Calculate total earnings based on an hourly, piece-rate, or commission basis.
-
Determine deductions from tables of employees income tax withholding.
-
Journalize the payroll entry from a payroll register.
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App