AXE Co. expects to have sales of P30,000 in January, P33,000 in February, and P38,000 in March. If 20 % of sales are for cash, 40 % are credit sales paid in the month following the sale, and 40 % are credit sales paid 2 months following the sale, what are the cash receipts from sales in March? *

Q: A firm has actual sales of $69,000 in April and $57,000 in May. It expects sales of $74,000 in June…

A: Part 2: Explanation:Step 1: Calculate the cash portion of sales for each month:- April: $69,000 / 2…

Q: Air corporation has the following projected sales: P958,450.00 (October) P1,001,515.00 (November)…

A: Cash budget is one of the important budget being prepared in the business. It shows expected cash…

Q: A firm has actual sales in November of $1,363 and projected sales in December and January of $2,928…

A: Credit sales refer to the sales in which the customer is given some time to pay for the goods…

Q: Valley's managers have made the following additional assumptions and estimates: Estimated sales for…

A: Cash flow statement: The statement that shows an increase or decrease in the cash and cash…

Q: alley's managers have made the following additional assumptions and estimates: Estimated sales for…

A: The balance sheet is one of the financial statements of the business. It represents the business's…

Q: Valley's managers have made the following additional assumptions and estimates: Estimated sales for…

A: Income Statement :— It is one of the financial statement that shows profitability, total revenue and…

Q: Halifax Shoes has 30% of its sales in cash and the remainder on credit. Of the credit sales, 65% is…

A: In this case of Halifax shoes, it is given that there are  a certain fixed proportion of credit…

Q: Sunland Company estimates its sales at 400000 units in the first quarter and that sales will…

A: In this question, we need to compute the budgeted cash collections for the third quarter using the…

Q: Halifax Shoes has 34% of its sales in cash and the remainder on credit. Of the credit sales, 65% is…

A: Cash budget: It implies to a financial estimation that reflects all the inflows and outflows of cash…

Q: 10. Right Answer Company has the following sales forecast for the selected three-month period in…

A: To determine the cash balance at the end of April, we need to calculate the cash inflows and…

Q: Bruno Industries expects credit sales for January, February, and March to be $200,000, $260,000, and…

A: Cash collection budget :— This budget is prepared to estimate the collection of sales from customers…

Q: What are the materials purchases costs for February?

A: The direct material purchase budget is a budget prepared for a future period to calculate the…

Q: The management of Kirkut Enterprises prepared the following forecasted total sales schedule for the…

A: Cash Sales: Cash sales are transactions in which the buyer pays immediately. Bills, coins, cheques,…

Q: Wildcat's purchases from suppliers in a quarter are equal to rter's forecast sales, and suppliers…

A: Quarter 1 (Q1):Beginning Cash Balance: Given as -$54.00 million.Net Cash Inflow:Sales Revenue: $170…

Q: Valley's managers have made the following additional assumptions and estimates: Estimated sales…

A: The cash budget estimates the excess of cash balance available over the cash disbursements during…

Q: The Guitar Shoppe reports the following sales forecast: August, $120,000; September, $210,000. Cash…

A: Cash receipt budgets used by the entity to identify the amount of cash collected every month from…

Q: OfficeMart Inc. has "cash and carry" customers and credit customers. Office Mart estimates that 30%…

A: The account receivables are the current assets of the business. The cash collection schedule is…

Q: A firm has projected sales in May, June, and July of P10,000, P20,000, and P30,000, respectively.…

A: Usually, the Firm needs to assess the cash position to assess the cash requirement from time to…

Q: A company's sales for the coming months are as follows: April, P175,000 June, P140,000 August,…

A: The Cash Budget is the total estimation of the total cash receipts and the total cash to be disburse…

Q: 8. A company had the following sales in each month: January: $10,000 February: 15,000 March: $8,000…

A: The management prepares the cash budget to estimate the expected cash receipt and cash disbursement.…

Q: Black Corporation has forecasted sales in 2020 as follows: Jan-P120,000 Feb-P160,000 Mar-P180,000…

A: Cash flows are the cash generated from the operation of the business organisation. In other words,…

Q: Neon Inc.’s forecast sales for July is $72,000. It has $15,000 in accounts receivable at the end of…

A: The objective of this question is to calculate the amount of accounts receivable at the end of July…

Q: Andover Inc. has projected sales to be: February, $10,000; March, $9,000; April, $8,000; May,…

A: Total cash receipts in May = (30% * Projected sales of May) + (70% * 40% * Projected sales of April)…

Q: The Professional Service Company expects 70% of sales for cash and 30% on credit. The company…

A: Credit Sales of June: 70% will be collected in June. 25% will be collected in July. 5% are not…

Q: Calculate the expected total cash collections for July

A: Cash and cash equivalents (CCE) - is one of the important elements of the balance sheet which are…

Q: Fine Co. has the following sales forecasts for the third quarter of 2021: P85,000 (July), P88,000…

A: Cash budget is one of the budget of the business, which shows beginning and ending cash balance,…

Q: Rooney Ltd has recorded the following sales for the first three months of 2011: January £30,000…

A: In this question, we need to compute the amount expected to be received in March 2011. This is…

Q: How much are anticipated Cash collections during the month of February?

A:

Q: Cash Collections for Belcher Motors found that 35% of its sales were cash and the remaining 65% are…

A: The cash collection during the quarter depends on the percentage of cash sales and credit sales and…

Q: Halifax Shoes has 30% of its sales in cash and the remainder on credit. Of the credit sales, 65% is…

A: Cash sales in August = Total sales x 30% = $95,000 x 30% = $28,500

Q: Neon Inc.’s forecast sales for July is $72,000. It has $15,000 in accounts receivable at the end of…

A: The objective of the question is to calculate the amount of accounts receivable at the end of July…

Q: The following are expected sales figure of ABC Ltd. Month January February March April OMR OMR OMR…

A: Expected Cash collection for March=60%×Sale of Feb.+40%×Sale of…

Q: Sales are forecasted as follows: May $100; June $500; July $300 & August $925. Sales are forecast at…

A: Cash receipts schedule is a schedule that includes the amount collected in the month. This schedule…

Q: Valley's managers have made the following additional assumptions and estimates: Estimated sales for…

A: The budget is prepared to estimate the requirements for the current period. The purchases budget is…

Q: Company has the following sales 2,000 in ary, 2,200 in February, 2,800 in April and 3,000 in May.…

A: Units sold in March = Total units - (units sold in January + units sold in feb + units sold in april…

Q: Vertical Ladder Company (VLC) forecasts its sales for January through April will be $60,000,…

A: A cash budget refers to the document that is prepared for helping the business for managing the…

Q: A firm has projected sales in May, June, and July of $100, $200, and $300, respectively. The firm…

A: A quantity of money given to a company in exchange for goods or services: We add the cash receipts…

Q: Vertical Ladder Company (VLC) forecasts its sales for January through April will be $40,000,…

A: The cash budget displays information about expected cash inflows and outflows. The cash budget shows…

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.