Camelia, a merchandising company, has provided the following extracts from their budget for the first quarter of the forthcoming year Jan Feb March Sales (30% cash) $400,000 $750,000 $1,000,000 The company collects 60% of credit sales in the same month and the balance in the next month Calculate the collections from the customers for the month of February OA $750,000 OB $540,000 OC. $427.000 OD. 1652.000 CID

Estate Ltd begins trading on January 1st, 2017. The following sales figures are budgeted for January to March in 2017 January February March $ 13,000 $ 17,000 $ 10,000 5 % of sales will be for cash. The remainder will be credit sales. A discount of 5 % will be offered on all cash sales The payment pattern for credit sales is expected to be as follows. Invoices paid the month after sale 75 % Invoices paid in the second month after sale 23 % Bad debts 02 % Invoices are issued on the last day of each month. The amount budgeted to be received in March 2017 is

A corporation makes collections on sales according to the following schedule:  45% in month of sale 53% in month following sale 2% in the second month following sale The following sales have been budgeted:    Sales April $220,000 May $150,000 June $140,000 Budgested cash collections in June would: ___________________________

Cloudy Company had the following historical collection pattern for its credit sales:70% collected in the month of sale12% collected in the first month after month of sale10% collected in the second month after month of sale5% collected in the third month after month of sale3% uncollectibleThe sales on open account (credit sales) have been budgeted for the last six months of the year as shown below:   July $ 92,000 August $ 104,000 September $ 116,000 October $ 128,000 November $ 140,000 December $ 122,000   The estimated cash collection by Cloudy Company during August from July and August credit sales is: Multiple Choice $100,160. $90,880. $102,880. $64,400. $83,840.

sub : Accounting pls answer ASAP.Please type the answer. dnt CHATGPT. i ll upvote.

Corning Incorporated sells its product for $24 per unit.  Its actual and projected sales follow:     Units Dollars January (actual) 18,500 $444,000 February (actual) 23,000    552,000 March (budgeted) 19,800    475,200 April (budgeted) 18,950    454,800 May (budgeted) 22,000    528,000   Here is added information about Corning’s operations:   All sales are on credit.  Recent experience show that 35% of sales are collected in the month of the sale, 45% in the month following the sale, 17% in the second month after the sale, and 3% prove to be uncollectible.  The product’s purchase price is $15 per unit.  All payments are payable within 21 days.  Thus 30% of purchases in any given month are paid for in that month, with the remaining 70% paid for in the following month.  The company has a policy to maintain an ending inventory of 20% of the next month’s projected sales plus a safety stock of 100 units.  The January 31 and February 28…

Provide table

Preparing an Accounts Payable Schedule Wight Inc. purchases raw materials on account for use in production. The direct materials purchases budget shows the following expected purchases on account: April $374,400 May 411,100 June 416,700 Wight typically pays 25% on account in the month of billing and 75% the next month. Required: 1. How much cash is required for payments on account in May? 2. How much cash is expected for payments on account in June?

Zily Co. predicts sales of $185,000 for June. Zily pays a sales manager a monthly salary of $6.600 and a commission of 8% of that month's sales dollars. Prepere a selling expense budget for the month of June. ZILLY CO. Selling Expense Budget For Month Ended June 30 Budgeled sales

i need the answer quickly