Suppose that the Sales in December 2019 were 26,630. The sales are expected to grow by 7% in January 2020, by 5% in February 2020, and by 5% in March 2020. After that, the sales are expected to grow by 11%. The company's cash collection is as follows: 71% is collected in the same month and the remainder in the next month. What is the cash collection for July, 2020?
Q: A firm has projected sales in October, November, and December of P10,000, P20,000, and P30,000,…
A: Cash budget means the expected cash receipts and expected cash payment for the next year. Cash…
Q: Assume that sales and expenses forecasts for months April, May, June, and July are as follows. 20%…
A: Cash Budget: A cash budget plan is a report delivered to assist a business with dealing with their…
Q: Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands…
A:
Q: If projected net cash flow for November is ($10,000); beginning cash balance is $4,000; minimum cash…
A: We use excel to solve this problem Minimum balance is 3000
Q: Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands…
A: Expected cash collections in Month 3 = Cash sales + Credit sales in month 3*50% + Credit sales in…
Q: From the following information available from a company, prepare Cash Budget (monthly) for April,…
A: Cash Budget Cash Budget is define as the estimation of cash flow of a business. It is prepared to…
Q: A company forecasts that the following sales: in May, 321 BD in June and 243 in JulySales will be…
A: Sales in June = 321 Sales in July = 243 30% sales paid in cash, 30% after one month and 40% paid…
Q: (a) For the current year, Encor Ltd. had net sales of $450,000 and paid $260,000 for the cost of…
A: Operating cycle: It the cycle which represent purchase, sales, collection, payment of the operating…
Q: Suppose that the Sales in December 2019 were 78,893. The sales are expected to grow by 15% in…
A: In the month of June. 56% (100%-22%-22%) of April sales cash is collected, 22% of May sales and 22%…
Q: npany forecasts that the following sales: 106 BD in May, 396 BD in June and 207 BD in July. Sales…
A: Given information : Sales in may 106 Sales in June 396 Sales in July 207 Dividends in July…
Q: Carlsbad Corporation's sales are expected to increase from $5 million in 2019 to $6 million in 2020,…
A:
Q: Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands…
A: Let Si and CSi represent the cash sales and credit sales respectively in the month i. Hence,…
Q: anu has forecast sales to be $129900 in February, $159900 in March, $163400 in April, and $177000kn…
A: Cash receipts refer to the amount that is received in against of sale of goods or services. It is…
Q: Byanong prepares the cash budget for the month of November 2022. Estimates for the month include the…
A: Cost of goods sold = Sales x (1 - gross profit rate) = P250000 x (1 - 0.50) = P125,000
Q: The following are the total sales of Top Class Ltd for the past three months of 2021 Month April May…
A: Credit Sales: Credit sales are those sales where a company disposes off their goods to their…
Q: A company forecasts that the following sales: 118 BD in May, 138 BD in June and 285 BD in July.…
A: The cash receipts budget is prepared to estimate the total cash inflows in the upcoming period from…
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: The Sino-Fizer Company is concerned about the cash flow of the company. They consulted you to…
A: Budgeting is the method to forecast the future cashflows, sales, production and other important…
Q: Suppose that the Sales in December 2019 were 64,566. The sales are expected to grow by 6% in January…
A: Cash outflow will be sales – purchase – general administrative expenses – interest expense for the…
Q: The Sino-Fizer Company is concerned about the cash flow of the company. They consulfed you to…
A: Cash Budget The preparation of cash budget is important for the business which can make the…
Q: mation, complete the following cash budget:
A:
Q: Adeline Sdn Bhd has engaged you to prepare its cash budget for July 2021. The following is the…
A: Cash Budget: It is the estimation of the cash in flows and outflows of an enterprise during a…
Q: How to solve for the 3rd and 4th month.
A: It is given that cash collection in a month includes all cash sales in current month, 60% of credit…
Q: Assume that sales and expenses forecasts for months April, May, June, and July are as follows. 20%…
A: Pro forma cash flow It provides the estimated cash inflow and cash outflow for the coming period. It…
Q: Here is a forecast of sales by National Bromide for the first four months of 2019 (figures in $…
A: As per the given information: Month 1 Month 2 Month 3 Month 4 Cash sales 17 26 20 16…
Q: Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands…
A: In this we have to calculate cash flow in 3 and 4 months.
Q: Suppose that the Sales in December 2019 were 41,498. The sales are expected to grow by 5% in January…
A: Computation of cash collection for the month of July 2020: Excel spread sheet:
Q: The Sino-Fizer Company is concerned about the cash flow of the company. They consulted you to…
A: Calculation of amount collected from sales for the 4 months ending 30 April 2019 : Months…
Q: Carlsbad Corporation's sales are expected to increase from $5 million in 2019 to $6 million in 2020,…
A: AFN is the acronym of Additional Funded Needed. These funds are required in order match to achieve…
Q: Shown below is the sales forecast for Cooper Inc. for the first four months of the coming year Feb…
A: Lets understand the basics. Management calculates the cash inflow and outflow so as to understand…
Q: The following information was extracted from NOVO cash budget for July 2019. The following data are…
A: Cash budget is an estimation of a company's inflows and outflows during a specific period. It is…
Q: 1. How much is the net cash flow for December?= 2. How much is the excess cash balance for…
A: All the expected net outflows and inflows are considered while calculating net cash flows. It helps…
Q: Required: Preparing the cash budget for 2022 on the months of July, August and September, with…
A: Data for the monthly cash budget preparation is given for the month of July, August and September.…
Q: For May, Young Company has budgeted its cash receipts at P125,000 and its cash disbursements at…
A: Cash receipts = P125,000 Cash disbursements = P138,000 Opening cash balance = P17000 Closing balance…
Q: Pacific Place has developed the following sales forecast for the following months. Month…
A: Introduction Cash budget: Cash budget is an estimate of cash receipts and cash payments for a future…
Q: During September 2020, ABC Corporation is preparing for its 2021 sales and receivables forecast. The…
A: Budgeting is forecasting of various future events. In accounting , it is used to forecast Income ,…
Q: Suppose that the Sales in December 2019 were 86,536. The sales are expected to grow by 9% in January…
A: Sales for June is calculated as per the information provided. In June 40% of May sales is collected…
Q: A firm has an actual sales of P65,000 in April and P60,000 in May. It expects sales of P70,000 in…
A: The firm's expected cash receipts for July bis as follows :
Q: Here is a forecast of sales by National Bromide for the first 4 months of 2019 (figures in thousands…
A: Monthly collections Month 3: cash sales + 60% (credit sales of month 3)+20% (credit sales of month…
Q: Gerry Jacobs, a financial analyst for Best Value Supermarkets, has prepared the following sales and…
A: Budgeting is a process of estimating the outcomes of the upcoming period. Cash budget is a part of…
Q: Q1 Q2 Q3 Q4 Q5 Sales $1,100 $1,400 $1,450 $1,250 $1,500 Total cash collections $1,100 $1,150 $1,200…
A: 1. Q2 net Cash Flow $-172 Million 2. Likely Cash Balance at the end of Q4 is $-1498 Million…
Q: Assume that sales and expenses forecasts for months April, May, June, and July are as follows. 20%…
A: Cash Budget: In the business world, a cash budget is an estimate of a company's cash flows over a…
Q: Using the AFN equation, forecast the additional funds Beasley will need for the coming year. Do not…
A: Additional funds needed is a concept related to finance that is used by the companies whenever the…
Q: Fine Co. has the following sales forecasts for the third quarter of 2021: P85,000 (July), P88,000…
A: The question specifies that all sales are on credit. Also 70% of credit sales are collected in the…
Q: In 2021, Chatsworth Company expects sales of $40,000 in July, $50,000 in August, and $30,000 in…
A: The cash receipts during period consists of receipts from current sales and receipts from past…
Q: The Clinton Antique Mall expects to make purchases in the first quarter of 2021 as follows: January…
A: Lets understand the basics. Management prepares cash collection and cash payment schedule in order…
Q: b. Prepare a schedule of cash collections from sales, by month and in total, for the second quarter…
A: Total cash collection 244000 314000 348000 906000
Q: A sendai clothing wholesaler was preparing its sales budget for the first quarter of 2020. Forecast…
A: A sales budget provides an estimate of the volume of goods and services that a company proposes to…
Suppose that the Sales in December 2019 were 26,630. The sales are expected to grow by 7% in January 2020, by 5% in February 2020, and by 5% in March 2020. After that, the sales are expected to grow by 11%.
The company's cash collection is as follows: 71% is collected in the same month and the remainder in the next month.
What is the cash collection for July, 2020?
Step by step
Solved in 2 steps with 2 images
- Suppose that the Sales in December 2019 were 86,536. The sales are expected to grow by 9% in January 2020, by 14% in February 2020, and by 15% in March 2020. After that, the sales are expected to grow by 10%. The company's cash collection is as follows: 60% is collected in the same month and the remainder in the next month. What is the cash collection for June, 2020?Suppose that the Sales in December 2019 were 41,498. The sales are expected to grow by 5% in January 2020, by 10% in February 2020, and by 15% in March 2020. After that, the sales are expected to grow by 9%. The company's cash collection is as follows: 24% is collected in the same month, 47% is collected in the next month, and the remainder in the following month. What is the cash collection for July, 2020?Suppose that the Sales in December 2019 were 78,893. The sales are expected to grow by 15% in January 2020, by 4% in February 2020, and by 5% in March 2020. After that, the sales are expected to grow by 4%. The company's cash collection is as follows: 22% is collected in the same month, 22% is collected in the next month, and the remainder in the following month. What is the cash collection for June, 2020?
- Here is a forecast of sales by National Bromide for the first four months of 2022 (figures in $ thousands). Month 1 Month 2 25 34 200 220 Month 3 28 Month 4 24 190 170 Cash sales Sales on credit On average, 45% of credit sales are paid for in the current month, 25% are paid in the next month, and the remainder are paid in the month after that. What is the expected cash inflow from operations in months 3 and 4? Note: Do not round intermediate calculations. Enter your answers in whole dollars and not in thousands rounded to the nearest whole number. Answer is complete but not entirely correct. Expected Cash Inflow from Operations (in S thousands) Items Month 3 Month 4 $ 391 360Here is a forecast of sales by National Bromide for the first four months of 2019 (figures in $ thousands): Month 1 Month 2 Month 3 Month 4 Cash sales 17 26 20 16 Sales on credit 120 140 110 90 On the average 52% of credit sales are paid for in the current month, 32% are paid in the next month, and the remainder are paid in the month after that. What is the expected cash inflow from operations in months 3 and 4? (Do not round intermediate calculations. Enter your answers in thousands rounded to the nearest whole number.)Here is a forecast of sales by National Bromide for the first four months of 2022 (figures in $ thousands): Month 1 Month 2 Cash sales Sales on credit 16 110 25 130 Month 3 Month 4 19 100 15 80 On average, 51% of credit sales are paid for in the current month, 31% are paid in the next month, and the remainder are paid in the month after that. What is the expected cash inflow from operations in months 3 and 4? Note: Do not round intermediate calculations. Enter your answers in thousands and rounded to one decimal place. Items Month 3 Month 4 Expected Cash Inflow from Operations (in $ thousands)
- Here is a forecast of sales by National Bromide for the first four months of 2022 (figures in $ thousands) Month 1 Month 2 Month 3 Month 4 Cash sales Sales on credit 23 180 32 200 26 170 22 150 On average, 47% of credit sales are paid for in the current month, 27% are paid in the next month, and the remainder are paid in the month after that. What is the expected cash inflow from operations in months 3 and 4? Note: Do not round intermediate calculations. Enter your answers in thousands and rounded to one decimal place. Items Month 3 Month 4 Expected Cash Inflow from Operations (in $ thousands) HelpHere is a forecast of sales by National Bromide for the first four months of 2022 (figures in $ thousands): Month 1 Month 2 Month 3 Month 4 Cash sales 35 44 38 34 Sales on credit 300 320 290 270 On average, 45% of credit sales are paid for in the current month, 25% are paid in the next month, and the remainder are paid in the month after that. What is the expected cash inflow from operations in months 3 and 4? Note: Do not round intermediate calculations. Enter your answers in thousands and rounded to one decimal place.Here is a forecast of sales by National Bromide for the first 4 months of 2022 (figures in thousands of dollars): Month: Cash sales Sales on credit 1 2 3 4 27 36 30 26 160 180 150 130 On average, 50% of credit sales are paid for in the current month, 30% in the next month, and the remainder in the month after that. What are the expected cash collections in months 3 and 4? Note: Enter your answers in whole dollars not in thousands of dollars. Month 3 Month 4 Expected Cash Collections
- A firm has actual sales of $69,000 in April and $57,000 in May. It expects sales of $74,000 in June and $97,000 in July and in August. Assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following 2 months, what are the firm's expected cash receipts for June, July, and August?Here is a forecast of sales by National Bromide for the first 4 months of 2022 (figures in thousands of dollars): Month: Cash sales Sales on credit 1 23 140 Month 3 Month 4 On average, 50% of credit sales are paid for in the current month, 30% in the next month, and the remainder in the month after that. What are the expected cash collections in months 3 and 4? Note: Enter your answers in whole dollars not in thousands of dollars. $ $ 2 3 32 26 160 130 > Answer is complete but not entirely correct. Expected Cash Collections 4 22 110 191,000 X 172,000 XFine Co. has the following sales forecasts for the third quarter of 2021: ₱85,000 (July), ₱88,000 (Aug), ₱82,000 (Sep). All sales are on credit. Seventy-five percent are collected in the month of sales and remainder is collected the following month. Minimum cash balance is ₱10,000. How much cash would be collected in August from sales?