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Tema [17]
2 years ago
14

Rugged Bicycles, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If

sales are budgeted to be $400,000 for March and $450,000 for April, what are the budgeted cash receipts from sales on account for April?
Business
1 answer:
damaskus [11]2 years ago
5 0

Answer:

$412,500

Explanation:

March

Cash receipts from sales on account for April = $400,000 * 75%

Cash receipts = $300,000

April

Cash receipts from sales on account for April = $450,000 * 25%

Cash receipts = $112,500

Total Cash receipts = Cash receipts from sales on account from March + Cash receipts from sales on account from April

Total Cash receipts = $300,000 + $112,500

Total Cash receipts = $412,500

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Answer:

a. Break-even point in sales units = 350,000 units

b. Break- even point in sales units to achieve a target profit of $400,000 = 430,000 units

Explanation:

a. Break-even point in sales units = Fixed cost ÷ Contribution margin per unit

= $1,750,000 ÷ $5

= 350,000 units

Working note:- Contribution margin = $15 - $10 = $5

b. Break- even point in sales units to achieve a target profit of $400,000 = fixed cost + Targeted profit ÷ Contribution margin per unit

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3 years ago
The statement of owner's equity begins with the beginning balance followed by a.adding net income less withdrawals b.adding inve
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Answer:

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