itssssramirez201

24.10.2019 • 

Business

The records of morgantown, inc.show the following forecasted sales: month sales september $400,000 october 500,000 november 300,000 december 200,000 collection pattern: 60 percent in month of sale 40 percent in month following the sale accounts receivable as of august 31 $70,000 finished goods inventory as of august 31 8,000 units the company has a selling price of $10 per unit and expects to maintain ending inventories equal to 20 percent of next month's sales. how much is accounts receivable as of october 31?

Ответ:

joedawg50

07.01.2022

Business

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$460,000

Explanation:

Sales:

September = $400,000

October = $500,000

Collection pattern:

60 percent in month of sale

40 percent in month following the sale

Accounts Receivable as of October 31:

= 60 percent of October sales + 40 percent of September sales

= 0.6 × $500,000 + 0.4 × $400,000

= $300,000 + $160,000

= $460,000

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Ответ:

aesthvx44

17.03.2023

Business

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