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In: Accounting
Adelphi Company has budgeted activity for March to reflect net income $165,000. All sales are credit...
Adelphi Company has budgeted activity for March to reflect net income $165,000. All sales are credit sales. Receivables are planned to increase (decrease -) by $27,000 payables to increase (decrease -) by $-17,000 and Depreciation Expense is $56,000. Use this information to determine how much cash will increase (decrease) during the month of March. (Decreases in accounts receivable or accounts payable will have a negative sign in front of number. Round & enter final answer to the nearest whole dollar.)
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ekkarill92 answered 2 years agoRelated Solutions
Adelphi Company has budgeted activity for March to reflect net income $105,000. All sales are credit...
Adelphi Company has budgeted activity for March to reflect net
income $105,000. All sales are credit sales. Receivables are
planned to increase (decrease -) by $3,000 payables to increase
(decrease -) by $13,000 and Depreciation Expense is $60,000. Use
this information to determine how much cash will increase
(decrease) during the month of March. (Decreases in accounts
receivable or accounts payable will have a negative sign in front
of number. Round & enter final answer to the nearest whole
dollar.)...
The following credit sales are budgeted by Blossom Company. January 200600 February 295000 March 413000 The...
The following credit sales are budgeted by Blossom
Company.
January
200600
February
295000
March
413000
The company’s past experience indicates that 60% of the accounts
receivable are collected in the month of sale, 40% in the month
following the sale. The anticipated cash inflow for the month of
March is
$247800.
$365800.
$413000.
$401200.
You've collected the following information about Oscar & Ollie Inc.: Sales = $165,000 Net Income =...
You've collected the following information about Oscar &
Ollie Inc.:
Sales = $165,000
Net Income = $14,800
Dividends = $9,300
Total Debt = $68,000
Total Equity = $51,000
What is the sustainable growth rate? If it does grow at this
rate, how much new borrowing will take place in the coming year,
assuming a constant debt–equity ratio? What growth rate could be
supported with no outside financing at all?
Elements of the Income Statement for Hofstadter Experiments Ltd. follow: 2020 2019 Net Sales (all credit)...
Elements of the Income Statement for Hofstadter Experiments Ltd.
follow:
2020
2019
Net Sales (all credit)
$1,498,000
$1,200,000
Cost of goods sold
1,043,000
820,000
Net Income
91,000
76,500
Highlights of the Balance Sheet:
2020
2019
Cash
$90,500
$64,700
Temporary Investments
75,000
60,000
Accounts receivable (net)
115,000
120,000
Inventories
264,000
283,000
Prepaid expenses
5,500
5,300
Total current liabilities
210,000
243,000
Total liabilities
310,000
443,000
Total common shareholders’ equity
829,500
787,500
Required: (Round all answers
to 2 decimal places).
Calculate the gross...
Elements of the Income Statement for Hofstadter Experiments Ltd. follow: 2020 2019 Net Sales (all credit)...
Elements of the Income Statement for Hofstadter Experiments Ltd.
follow:
2020
2019
Net Sales (all credit)
$1,498,000
$1,200,000
Cost of goods sold
1,043,000
820,000
Net Income
91,000
76,500
Highlights of the Balance Sheet:
2020
2019
Cash
$90,500
$64,700
Temporary Investments
75,000
60,000
Accounts receivable (net)
115,000
120,000
Inventories
264,000
283,000
Prepaid expenses
5,500
5,300
Total current liabilities
210,000
243,000
Total liabilities
310,000
443,000
Total common shareholders’ equity
829,500
787,500
Required: (Round
all answers to 2 decimal places).
Calculate the gross...
The Cambridge Company has budgeted sales revenues as follows. Jan Feb Mar__ Credit sales $45,000 $36,000...
The Cambridge Company has budgeted sales revenues as follows.
Jan Feb Mar__ Credit sales $45,000 $36,000 $27,000 Cash sales
27,000 76,500 58,500 Total sales $72,000 $112,500 $85,500 Past
experience indicates that 60% of the credit sales will be collected
in the month of sale and the remaining 40% will be collected in the
following month. Purchases of inventory are all on credit; 40% is
paid in the month of purchase and 60% in the month following
purchase. Budgeted inventory purchases...
The following credit sales are budgeted by Sheridan Electronics: January $123600 February 120000 March 135600 April...
The following credit sales are budgeted by Sheridan
Electronics:
January
$123600
February
120000
March
135600
April
141000
May
141300
The company's past experience indicates that 50% of the accounts
receivable are collected in the month of sale, 30% in the month
following the sale, and 19% in the second month following the sale.
1 percent are uncollectible. How much does the company anticipate
as cash receipts for March?
$134244
$127284
$136947
$123564
Radcliff Ltd. has budgeted the following sales for the next three months: January February March Budgeted...
Radcliff Ltd. has budgeted the following sales for the next
three months:
January
February
March
Budgeted Sales
$80,000
$100,000
$140,000
Ninety percent of sales are on account and ten percent of sales are
cash sales. A month's sales on account are collected as
follows:
Month of sale
50%
First month following sale
40%
Second month following sale
9%
Uncollectible
1%
The company requires a minimum cash balance of $7,000 to start a
month. The beginning cash balance in March is...
Question 4: Rodie Company has budgeted sales revenues as follows: Particulars June July August Credit Sales...
Question 4: Rodie Company has budgeted sales revenues as
follows:
Particulars
June
July
August
Credit Sales
$135,000
$145,000
$90,000
Cash Sales
$90,000
$255,000
$195,000
Total Sales
$225,000
$400,000
$285,000
Past experience indicates that 60% of the credit sales will be
collected in the month of sale and the remaining 40% will be
collected in the following month. Purchases of inventory are all on
credit and 50% is paid in the month of purchase and 50% in the
month following purchase....
Rodie Company has budgeted sales revenues as follows: Particulars June July August Credit sales $135,000 $145,000...
Rodie Company has budgeted sales revenues as follows:
Particulars June July August Credit sales $135,000 $145,000 $
90,000 Cash sales 90,000 255,000 195,000 Total sales $225,000
$400,000 $285,000 Past experience indicates that 60% of the credit
sales will be collected in the month of sale and the remaining 40%
will be collected in the following month. Purchases of inventory
are all on credit and 50% is paid in the month of purchase and 50%
in the month following purchase. Budgeted...
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