Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business—September, October, and November—are $245,000, $309,000, and $416,000, respectively. The company expects to sell 25% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale and 30% in the month following the sale. The cash collections expected in October are a. $283,840 b. $271,040 c. $294,600 d. $222,040

Please help me with show all calculation

Bramble Company has completed all of its operating budgets. The sales budget for the year shows 48,000 units and total sales of $2,160,000. The total cost of producing one unit is $25. Selling and administrative expenses are expected to be $288,000. Interest is estimated to be $9,600. Income taxes are estimated to be $192,000. Prepare a budgeted multiple-step income statement for the year ending December 31, 2022. BRAMBLE COMPANY Budgeted Income Statement < LA

The following is the sales budget for Yellowhead Inc. for the first quarter of 2021: Sales January $200,000 February $220,000 March $243,000 Credit sales are collected as follows: 65% in the month of the sale, 20% in the month after the sale, and 15% in the second month after the sale. The accounts receivable balance at the end of the previous quarter was $84,000 ($54,000 of which was uncollected December sales). a. Calculate the sales for November. (Omit "$" sign in your response.) November sales b. Calculate the sales for December. (Round the final answer to 2 decimal places. Omit "$" sign in your response.) December sales $ c. Calculate the cash collections from sales for each month from January through March. (Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit "$" sign in your response.) January February March Cash collections $ $ $

A company is preparing its cash budget for the first quarter of the year. It has $8700 in cash at the beginning of the period. Cash sales for the quarter are budgeted at $182000. Selling and administrative expenses are budgeted at $59000, which includes $11000 depreciation. Cash expenses are paid in the month incurred. Cash payment for inventory purchases are budgeted at $139500. The desired cash balance on March 31 is $10400. How much financing will the company need during the quarter? O $3200 O $0 O $7200 O $7800

Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business-September, October, and November-are $241,000, $314,000, and $415,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale. The cash collections expected in November from accounts receivable are projected to be: C a. $331,632 Ob. $232,400 O c. $188,440 Od. $276,360

Grit Company was formed on May 1, 2023. During May, 2023, the company reported sales on account of $750,000. During June, 2023, Grit Company reportes sales on account of $800,000. Anticipated collections patterns of accounts receivable indicate 40% will be collected in the month of sale, 10% in the next month, and the remainder in the following month. How much will appear on the cash receipts and disbursements budget prepared for June, 2023? $620,000 O $465,000 O $545,000 O $540,000

Capes Corporation is a wholesaler of industrial goods. Data regarding the store's operations follow:   Sales are budgeted at $240,000 for November, $250,000 for December, and $230,000 for January. Collections are expected to be 45% in the month of sale and 55% in the month following the sale. The cost of goods sold is 75% of sales. The company desires an ending merchandise inventory equal to 25% of the cost of goods sold in the following month. Payment for merchandise is made in the month following the purchase. The November beginning balance in the accounts receivable account is $59,000. The November beginning balance in the accounts payable account is $246,000.   Required: a. Prepare a Schedule of Expected Cash Collections for November and December. b. Prepare a Merchandise Purchases Budget for November and December.

The following is the sales budget for Lemonis, Incorporated, for the first quarter of 2021: January February March Sales budget $198,000 $218,000 $241,000 Credit sales are collected as follows: 55 percent in the month of the sale. 30 percent in the month after the sale. 15 percent in the second month after the sale. The accounts receivable balance at the end of the previous quarter was $82,000 ($52,000 of which was uncollected December sales). a. Calculate the sales for November. (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. Calculate the sales for December. (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. Calculate the cash collections from sales for each month from January through March. (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) a. November sales b. December sales c. January cash collections c. February cash collections c.…

Tim Tam Inc., a merchandising company, is considering opening a new distribution center on July 1, 20Y1. Budgeted sales for July, August and September are estimated to be $200,000, $300,000, and $450,000, respectively. The company expects to sell 30% of its merchandise for cash and the remainder on account. Of the sales on account, 60% are expected to be collected in the month of the sale and 40% in the month following the sale. Determine the expected cash collection in September. Group of answer choices $90,000 $408,000 $356,000 $126,000