tar Company was organized on August 1 of the current year. Projected sales for the next three months are as follows:   August $250,000 September 200,000 October 275,000   The company expects to sell 50% of its merchandise for cash. Of the sales on credit, 30% are expected to be collected in the month of the sale and the remainder in the following month.   What is Star Company expected cash collection for September?

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) Help

OfficeMart Inc. has “cash and carry” customers and credit customers. OfficeMart estimates that 30% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 40% pay their accounts in the month of sale, while the remaining 60% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows: Month Projected sales April $56,000 May 65,000 June 72,000   The Accounts Receivable balance on March 30 was $35,000.  Prepare a schedule of cash collections from sales for April, May, and June.

Miller Company expects its November sales to be 25% higher than its October sales of $170,000. All sales are on credit and are collected as follows: 35% in the month of the sale and 60% in the following month. Purchases were $70,000 in October and are expected to be $100,000 in November, Purchases are paid 20% in the month of purchase and 80% in the following month. The cash balance on November 1 is $13,800. The cash balance on November 30 will be OA. $86,575 OB. $114,175 OC. $190,175 OD. $100,375

Jamaica Co’s sales forecast for the first five months of 2018 are as follows:   January February March April May $ 32,000 $ 36,000 $ 48,000 $ 46,000 $ 55,000         Additional information provided is as follows:           (i)         Sales for November and December of the previous year were $40,000 and $45,000 respectively.        (ii)       Sixty percent of sales will be for cash; 30% will be collected in the first month following the sale; and the remaining 10% will be collected in the second month following the sale.       (iii)      Raw material purchases are settled a month after purchase. Each month’s purchases is shown below: December January February March April $22,400 $25,200 $33,600 $32,200 $38,500         (iv)       Wages total $4,200 monthly.         (v)       Other expenses are $1,800 in January but is expected to increase by $550 each month;       (vi)       Equipment costing $15,000 will be ordered in January. A…

How to solve for the 3rd and 4th month.

O'Connor Corporation had December Sales of $30,000; Anticipated Sales during January are $40,000; February Sales are projected at $37,500; 40% of Sales are Cash Sales; The remainder are on account; Sales on account are expected to be collected 50% in the month of Sale; 45% in the month following the month of Sale; 5% ultimately prove uncollectible. Required: How much are anticipated Cash collections during the month of February?

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 $ 391 360

Thomas & Cooke Corporation has the following sales forecasts for the first three months of the current year: Month Sales January $39,000 February 26,000 March 45,000 85% of sales are collected in the month of the sale and the remainder is collected in the following month. Accounts receivable balance (January 1) $25,800 Cash balance (January 1) 25,000 Minimum cash balance needed 22,000 What is the cash balance at the end of January, assuming that cash is received only from customers and that $50,000 is paid out during January?

Power Ridge Corporation has forecast credit sales for the fourth quarter of the year as follows: September (actual) October November December Fourth Quarter $66,000 $56,000 51,000 76,000 Experience has shown 30 percent of sales are collected in the month of sale, 65 percent are collected in the following month, and 5 percent are never collected. Prepare a cash receipts schedule for Power Ridge Corporation covering the fourth quarter (October through December). Power ridge corporation Cash Receipts Schedule September $ Sales Collections of Current Sales Collections of prior month's Sales Total cash receipts October $ $ November $ $ December $ $