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Inessa05 [86]
3 years ago
13

VJasper Company has sales on account and for cash. Specifically, 70% of its sales are on account and 30% are for cash. Credit sa

les are collected in full in the month following the sale. The company forecasts sales of $525,000 for April, $535,000 for May, and $560,000 for June. The beginning balance of Accounts Receivable is $400,000 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June.
Business
1 answer:
RoseWind [281]3 years ago
8 0

Answer:

                                              April             May              June

Cash Sales             30%    $157,500     $160,500      $168,000

Sales on account   70%    <u>$367,500</u>    <u>$374,500</u>      <u>$392,000</u>

                                          <u>$525,000</u>    <u>$535,000</u>     <u>$560,000</u>

<u />

<u> </u>

                                        JASPER COMPANY

                                     Cash Receipts Budget

                                   For April, May and June

                                                                 April          May          June

<em>Cash Receipts from:</em>

Cash Sales                                         $157,500    $160,500   $168,000

Collection of accounts Receivable  <u><em>$400,000   $367,500   $374,500</em></u>

Total Cash Receipts                          <u>$557,500</u>   <u>$528,000</u>  <u>$542,500</u>

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Asteroid Industries accumulated the following cost information for the year:
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Answer:

Factory overhead costs = 3000 + 7500 + 11800 = $22,300

Explanation:

Factory overhead costs are the costs that are not directly attributable to the production. This would include all the costs except for the direct materials and direct labor.

the total factory overhead costs would be,

Factory overhead costs = 3000 + 7500 + 11800 = $22,300

These costs are then allocated using the appropriate cost base to all the units produced.

Hope that helps.

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As a contemporary manager, your employees will perceive that their opinions are more valued if:
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Answer:

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<h2>Further Explanation:</h2>

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3. Energy distribution: The distribution is the last passage where the energy is distributed to the micro organization such as household, firm, supermarket, and many others.

<h2>Details</h2>

Material : Business

Sub chapter : Career pathways

<h2>Know more </h2>

How the energy is transmitted brainly.com/question/11548873

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