Answer:
Total production= 14,500 units
Explanation:
Giving the following information:
The finished goods inventory on hand at the end of each month should equal 4,000 units plus 25% of the next month's sales.
The expected sales in January are 14,000 units and expected sales in February are 18,000 units.
Assume that on January 1 the inventory of Quickclean was 8,000 units.
Production for January:
Sales= 14,000
Ending inventory= 4,000 + (18,000*0.25)= 8,500
Beginning inventory= (8,000)
Total production= 14,500
Answer:
Prospecting.
Explanation:
This is known to be the first step that is been taken in a bid to get potential customers in a marketing process. Its made by of these marketers is firstly to qualify a recipient as a prospect and is other cases, someone who may have a need for your business products or services, or not. Its goal of is to develop a database of likely customers and then systematically communicate with them in the hopes of converting them from potential customer to current customer.
Answer: True .
Explanation:
In accrual accounting, revenue is entered when it is earned and expenses are entered when they are incurred.
Deferred revenue is money received by a company in advance of having earned it. In other words, deferred revenues are not yet revenues and therefore cannot yet be reported on the income statement.
As a result, the unearned amount must be deferred to the company's balance sheet where it will be reported as a liability.
When your company receives a customer deposit or prepayment on a sale, that payment occurs in advance of the actual sale and is therefore considered unearned revenue. Deferred revenue flows between the balance sheet and the income statement as revenue.
Answer:
The expected cash collections of sales in October $91,00
Explanation:
It is assumed that the remaining Percentage of 15% (100%-50%-25%-8%-2%) is received Third month following sale.
Cash Schedule is attached with the answer in an MS Excel file, Please find it.
