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

please answer within 30 minutes. Projected Cash Receipts,Romaris Brothers Inc. needs a cash receipts schedule for the months of April, May, and June. Actual Sales: February = $500,000, March = $500,000. Forecast Sales: April =$560,000, May= $610,000, June= $650,000, July= $650,000, Assuming that sales are the only source of cash inflows and that 30% of them are for cash and the remainder are collected evenly over the following 2 months. Prepare a schedule of projected cash receipts for April, May and June. Projected Cash Disbursements Romaris Brothers Inc. needs a cash disbursement schedule for the months of April, May, and June. The following information was collected from financial records: Purchases: Purchases are calculated as 50% of the next month’s sales, 15% of purchases are made in cash, 60% of purchases are paid for 1 month after purchase, and the remaining 25% of purchases are paid for 2 months after purchase. Rent: The firm pays rent of $9,000 per month. Wages and…

Millen’s managers have made the following additional assumptions and estimates: Estimated sales for July and August are $310,000 and $330,000, respectively. Each month’s sales are 20% cash sales and 80% credit sales. Each month’s credit sales are collected 30% in the month of sale and 70% in the month following the sale. All of the accounts receivable at June 30 will be collected in July. Each month’s ending inventory must equal 20% of the cost of next month’s sales. The cost of goods sold is 60% of sales. The company pays for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following the purchase. All of the accounts payable at June 30 will be paid in July. Monthly selling and administrative expenses are always $70,000. Each month $10,000 of this total amount is depreciation expense and the remaining $60,000 relates to expenses that are paid in the month they are incurred. The company does not plan to buy or sell any plant and equipment…

Valley's managers have made the following additional assumptions and estimates: Estimated sales for July and August are $345,000 and $315,000 respectively Each month's sales are 20% cash sales and 80% credit sales.  Each month's credit sales are collected 30% in the month of the sale and 70% in the month following the sale.  All of the accounts receivable at June 30 will be collected in July Each month's ending inventory must equal 20% of the cost of the next month's sales.  The Cost of Goods Sold is 60% of sales.  The company pays for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following the purchase.  All of the accounts payable at June 30 will be paid in July Monthly selling and administrative expenses are always $75,000.  Each month $10,000 of this total amount is depreciation expense and the remaining $65,000 relates to expenses that are paid in the month they are incurred The company does not plan to buy or…

Mountaineers expects total sales of $702,500 for January and $351,000 for February. Assume that Mountaineers's sales are collected as follows: November sales totaled $398,000, and December sales were $407,000. Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar. (If an input field is not used in the table leave the input field empty, do nothing enter a zero.)

Earthie's Shoes has 55% of its sales in cash and the remaining 45% are credit sales. Of the credit sales, 70% is collected in the month of sale, 15% is collected the month after the sale, and 10% is collected the second month after the sale. How much cash will be collected in June if sales are estimated as $75,000 in April, $65,000 in May, and $90,000 in June?

Cash Collections for Belcher Motors found that 35% of its sales were cash and the remaining 65% are credit sales. Of the credit sales, the company collected 55% in the month of sale, 40% collected the month after the sale, and 5% collected the second month after the sale. May Sales were $100 000, April Sales were $115,000, and June Sales were 136,000. How much will be collected in the 3rd quarter if July sales are $180,000, August sales are 167,000, and September sales are $152,000, and include a total column for the 3rd quarter total.

5.    Pacific Place has developed the following sales forecast for the following months.   Month   Sales May $500,000 June $650,000 July $380,000 August $300,000               The collection policy for customers is:               40 percent in the month of sale             60 percent in the following month after sale       How much is the expected total cash collections from customers in June? a)$260,000   b)$590,000   c)$610,000   d)$300,000   e)$560,000

K- Mer Company expects its November sales to be 25% higher than its October sales of $150.000 Al sales are on credit and are collected as follows: 35% in the month of the sale and 60% in the following month. Purchases were $130,000 in October and are expected to be $150.000 in November Purchases are paid 35% in the month of purchase and 65% in the following month. The cash balance on November 1 is $13.900 The cash balance on November 30 will be G A $32.525 OB $4,725 OC $160,525 OD. $18.625