Downstairs Company has the following sales budget for the last six months of 2010: July $100,000 August 80,000 September 110,000 October 80,000 November 100,000 December 94,000 Historically, the cash collection of sales has been as follows: 65% of sales collected in month of sale 25% of sales collected in month following sale 8% of sales collected in second month following sale 2% of sales uncollectible What are the expected cash collections of sales in October?
举一反三
- An extract from a company's sales budget is as follows：$October 224,000November 390,000December 402,00010% of sales are paid for immediately in cash. Of the credit customers, 30% pay in the month following the sale and are entitled to a 1% discount. The remaining customers pay twomonths after the sale is made.What is the value of sales receipts shown in the company's cash budget for December? A: $285,567 B: $286,620 C: $290,430 D: $312,830
- Cash collections from customers include thecurrent month’s cash sales plus collections on credit sales.
- ABC Company sells three products: Product A has a contribution to sales ratio of 15% Product B has a contribution to sales ratio of 60% Product C has a contribution to sales ratio of 30%Annual fixed costs are $180,000. If the products are sold in the ratio as follows: Product A: 6 Product B: 4 Product C: 5What is the annual breakeven sales revenue to the nearest $000? A: $300,000. B: $360,000. C: $514,000. D: $562,000.
- Joshua has entered sales returns of $100 on the credit side of the sales returns ledger account.Which of the following journals would correct this error? A: Debit Sales Returns $200 and Credit Suspense $200 B: Debit Suspense $200 and Credit Sales returns $200 C: Debit Sales returns $100 and Credit Suspense $100 D: Debit Suspense $100 and Credit Sales returns $100
- It was last month that ABC company made a sales contract with an overseas customer in Beijing.