![ozheng24112](/avatars/45289.jpg)
ozheng24112
04.05.2020 •
Business
Multiple Choice Question 104 Sheffield Corp. estimates its sales at 270000 units in the first quarter and that sales will increase by 11000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $25. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at
Solved
Show answers
More tips
- H Health and Medicine What Makes a Man a Man?...
- C Computers and Internet How to Get Rid of Spam in ICQ?...
- A Art and Culture Who Said The Less We Love a Woman, the More She Likes Us ?...
- F Family and Home How to Get Rid of Your Neighbors?...
- S Society and Politics How Could Nobody Know About the Dead Mountaineers?...
- H Health and Medicine How to Cure Adenoids?...
- H Health and Medicine Why Wearing a Back Brace Can Be Beneficial During Back Strain?...
- S Sport When and Where Will the 2014 World Cup be Held?...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
Answers on questions: Business
- B Business Kurt Simmons has 50/100/15 auto insurance coverage. One evening he lost control of his vehicle hitting a parked car and damaging a store front along the street. Damage to the parked...
- B Business The perspective of management, which emerged from the Industrial Revolution, focuses on improving the efficiency, productivity, and output of employees, as well as the business...
- B Business 3. Define opportunity cost. Give an example of a personal decision you made within the past year. What explicit costs were involved...
- B Business Chuck, a single taxpayer, earns $76,800 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (Use the U.S. tax rate schedule.) Required: If Chuck...
- B Business Haack Inc. is a merchandising company. Last month the company s cost of goods sold was $70,600. The company s beginning merchandise inventory was $16,500 and its ending merchandise...
- B Business 1. If Silven buys its tubes from the outside supplier, how much of its own Chap-Off manufacturing costs per box will it be able to avoid...
- B Business Determine the promotional price of each item at each store. Item Original Price Discount (Dollars) $10.00 Off 35% Off (Dollars) (Dollars) A music box $60 $ $ A faux Ming vase $30.00...
- B Business Why is transportation infrastructure mostly provided by the state and federal governments rather than the private sector in the united states? a it is vital to the nation s economic...
- B Business Sam has two options this weekend. he could work at his job and earn $9/hour for three hours, or he could go to a show at the theater for that three hours. a ticket to the theater...
- B Business Cost/benefit analysis is the final equation of risk analysis to assess the relative benefit of a counter-measure against the potential annual loss of a given asset exposed to a...
Ответ:
$7,250,500
Explanation:
Given that 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale, it means that cash collection for third quarter per budget will comprise;
40% sales for the 3rd quarter70% of 60% sales in the 3rd quarter and30% of 60% sales in the 2nd quarterFurthermore, if estimated sales for first quarter is 270000 units and sales will increase by 11000 units each quarter over the year then,
2nd quarter sales
= 270,000 + 11,000
= 281,000 units
3rd quarter sales
= 281,000 + 11,000
= 292,000 units
and Each unit sells for $25
Hence , Cash collections for the third quarter are budgeted
= $25 * 40% * 292,000 + $25 * 70% * 60% * 292,000 + $25 * 30% * 60% * 281000
= $2,920,000 + $3,066,000 + $1,264,500
= $7,250,500
Ответ: