on account he June 30th ach $240,000 pertain to sales that were made during June es in the month of sale; 20% in the following month; and at are Ross's budgeted collections for July? ect one: a. $800,000. $919.000

Drago makes all sales on account, subject to the following collection pattern: 40% are collected in the month of sale; 50% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for January, February, and March were $80,000, $120,000, and $180,000, respectively, what were the firm's budgeted collections for March? A. $72,000 B. $120,000 C. $174,000 D. $180,000 E. $140,000

Seventy percent of Porter's Corporation's sales are collected in the month of sale, 20% in the month following sale, and 10% in the second month following sale. The following are budgeted sales data for the company: Budgeted sales O $175,000 O $275,000 O $70,000 January $200,000 Total budgeted cash collections in April would be: O $30,000 February $300,000 March $350,000 April $250,000

The information in the following table is from a company's sales budget Expected sales April May June $ 96,000 116,000 126,000 Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in June OAS118,500 O $31,500 OC$213,000 005126,000 O $87,000

Sheridan, Inc. expects sales volume totaling $460000 for June. Data for the month follows: Sales commissions Sales manager's salary 4% of sales $27600 per month $23000 per month Advertising expense Shipping expense. Miscellaneous selling expenses $1932 per month plus 3/4% of sales O $78982. O $52532. O $28382. O $77050. 1% of sales How much is Sheridan's selling expense budget for June?

paid in month of purchase: 10% paid n first month following purchase: 40% Paid in second month following purchase: 50% If budgeted purchases for April, May, and june are $30,000, $45,000 and $20,000, what is the budgeted accounts payable balance on June 30? a. 32500 b. 31000 c. 35000 d. 40500

COVID 19 Co has forecast purchases on account to be $318,000 in March, $370,000 in April, $421,000 in May, and $493.000 in June. Sixty five percent of purchases are paid for in the month of purchase, the remaining 35% are paid in the following month, What is the budgeted Accounts Payable balance for June 30? Select one a. $172.550 b. $320,450 C $147.350 d. $273.650

Center Company makes collections on sales according to the following schedule: 40% in the month of sale 50% in the month following sale 7% in the second month following sale The following sales are expected: Expected Sales January $ 106,000 February $ 142,000 March $ 125,000 Cash collections in March should be budgeted to be:     $126,330.   $128,420.   $121,000.   $125,000.

19. SalaRita's sales are 32% cash and 68% credit. Of the credit sales, 40% of credit sales are collected in the month of sale, 45% in the month following the sale, and 15% is collected two months after. Budgeted sales data is as follows: June July August $200,000 120,000 150,000 How much is total cash collected during August? A) $145,920 B) $105,120 C) $88,800 D) $144,000

Parvis makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 50% are collected in the first month after sale; and 20% are collected in the second month after sale. If sales for October, November, and December were $78,000, $68,000, and $58,000, respectively, what was the budgeted receivables balance on December 31? Multiple Choice O $67,000 None of the answers is correct. $54,200. $49,600. $40,600