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Crank
3 years ago
10

The Guitar Shoppe reports the following sales forecast: August, $130,000; and September, $230,000. Total sales include 35% cash

sales, 50% of credit sales collected in the month following sale, and the remaining 15% credit sales written off as uncollectible. Prepare a schedule of cash receipts for September.
Business
1 answer:
Alika [10]3 years ago
5 0

Answer:

Total= $145,500

Explanation:

Giving the following information:

The Guitar Shoppe reports the following sales forecast: August, $130,000; and September, $230,000. Total sales include 35% cash sales, 50% of credit sales collected in the month following sale, and the remaining 15% credit sales written off as uncollectible.

Cash collection:

From August= (130,000*0.50)= 65,000

September= (230,000*0.35)= 80,500

Total= 145,500

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Answer:

A. Machine

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$70

Explanation:

Data provided in the question:

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Now,

Bonus per week = $2,000 ÷ 50 weeks

= $40 per week

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Thus,

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Therefore,

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= $10 per week

Hence,

Combined amount of accrual

= $40 + $20 + $10

= $70

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