Question
In: Accounting
Bahamas feed supply Inc, a pet wholesaler supplier was organized on March 1 2020 projected sales...
Bahamas feed supply Inc, a pet wholesaler supplier was organized on March 1 2020 projected sales for each of the first three months of operations are as follows
March 450,000
April 520, 000
May 560, 000
The company expects to sell 10% of its merchandise for cash. of sales on account, 50%are expected to be collected in the month of the sale 40% in the month following the sale, and the reminder in the in the second month following the sale.
(1a)Prepare a schedule indicating cash collections for sales for March April and May.
(1b) smell so good candle company projected sales of 95,000 candles for 2020. the estimated January 1st, 2020 inventory is 2400 units and the desired December 31st 2020 inventory is 3000 units what is the budgeted production in units for 2020.
1c Smell so good candle company budgeted production of 95,000 candles in 2020 wax is required to produce a candle assume 8 oz 1/2 of a pound of wax is required for each candle the estimated January 1st 2020 wax inventory is 1400 pounds the desired December 31st 2020 was inventory is 1100 pounds. if candle wax cost 3.60 per pound determined a direct material purchases budget for 2020
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Furry Friends Supplies Inc., a pet wholesale supplier, was organized on May 1. Projected sales for...
Furry Friends Supplies Inc., a pet wholesale supplier, was
organized on May 1. Projected sales for each of the first three
months of operations are as follows:
May
$220,000
June
330,000
July
430,000
All sales are on account. 51 percent of sales are expected to be
collected in the month of the sale, 38% in the month following the
sale, and the remainder in the second month following the sale.
Prepare a schedule indicating cash collections from sales for
May,...
Fur Family Inc., a pet wholesale supplier, was organized on May 1. Projected sales for each...
Fur Family Inc., a pet wholesale supplier, was organized on May
1. Projected sales for each of the first three months of operations
are as follows:
May
$600,000
June
900,000
July
1,100,000
All sales are on account. Of sales on account, 60% are expected
to be collected in the month of the sale, 30% in the first month
following the sale, and the remainder in the second month following
the sale.
Prepare a schedule indicating cash collections from sales for...
Furry Friends Supplies Inc., a pet wholesale supplier, was organized on May 1. Projected sales for...
Furry Friends Supplies Inc., a pet wholesale supplier, was
organized on May 1. Projected sales for each of the first three
months of operations are as follows:
May
$300,000
June
340,000
July
510,000
All sales are on account. 53 percent of sales are expected to be
collected in the month of the sale, 35% in the month following the
sale, and the remainder in the second month following the sale.
Prepare a schedule indicating cash collections from sales for
May,...
Schedule of Cash Collections PetJoy Wholesale Inc., a pet wholesale supplier, was organized on March 1,...
Schedule of Cash Collections
PetJoy Wholesale Inc., a pet wholesale supplier, was organized
on March 1, 2016. Projected sales for each of the first three
months of operations are as follows:
March
$150,000
April
160,000
May
240,000
The company expects to sell 10% of its merchandise for cash. Of
sales on account, 56% are expected to be collected in the month of
the sale, 40% in the month following the sale, and the remainder in
the second month following the...
Schedule of Cash Collections PetJoy Wholesale Inc., a pet wholesale supplier, was organized on March 1,...
Schedule of Cash Collections
PetJoy Wholesale Inc., a pet wholesale supplier, was organized
on March 1, 2016. Projected sales for each of the first three
months of operations are as follows:
March
$360,000
April
420,000
May
630,000
The company expects to sell 11% of its merchandise for cash. Of
sales on account, 59% are expected to be collected in the month of
the sale, 36% in the month following the sale, and the remainder in
the second month following the...
Schedule of Cash Collections of Accounts Receivable Pet Supplies Inc., a pet wholesale supplier, was organized...
Schedule of Cash Collections of Accounts Receivable
Pet Supplies Inc., a pet wholesale supplier, was organized on
January 1. Projected sales for each of the first three months of
operations are as follows:
January
$300,000
February
500,000
March
750,000
All sales are on account. Seventy-five percent of sales are
expected to be collected in the month of the sale, 20% in the month
following the sale, and the remainder in the second month following
the sale.
Prepare a schedule indicating...
Schedule of Cash Collections of Accounts Receivable Pet Supplies Inc., a pet wholesale supplier, was organized...
Schedule of Cash Collections of Accounts Receivable
Pet Supplies Inc., a pet wholesale supplier, was organized on
January 1. Projected sales for each of the first three months of
operations are as follows:
January
$260,000
February
340,000
March
510,000
All sales are on account. 55% of sales are expected to be
collected in the month of the sale, 40% in the month following the
sale, and the remainder in the second month following the sale.
Prepare a schedule indicating cash...
Schedule of Cash Collections of Accounts Receivable PetJoy Wholesale Inc., a pet wholesale supplier, was organized...
Schedule of Cash Collections of Accounts Receivable
PetJoy Wholesale Inc., a pet wholesale supplier, was organized
on March 1, 2016. Projected sales for each of the first three
months of operations are as follows:
March
$360,000
April
500,000
May
670,000
The company expects to sell 11% of its merchandise for cash. Of
sales on account, 59% are expected to be collected in the month of
the sale, 37% in the month following the sale, and the remainder in
the second...
Schedule of Cash Collections of Accounts Receivable PetJoy Wholesale Inc., a pet wholesale supplier, was organized...
Schedule of Cash Collections of Accounts Receivable PetJoy
Wholesale Inc., a pet wholesale supplier, was organized on March 1,
2016. Projected sales for each of the first three months of
operations are as follows: March $380,000 April 500,000 May 760,000
The company expects to sell 12% of its merchandise for cash. Of
sales on account, 54% are expected to be collected in the month of
the sale, 41% in the month following the sale, and the remainder in
the second...
Work Place Products Inc., a wholesaler of office products, was organized on July 1 of the...
Work Place Products Inc., a wholesaler of office products, was
organized on July 1 of the current year, with an authorization of
25,000 shares of preferred 2% stock, $100 par and 550,000 shares of
$10 par common stock. The following selected transactions were
completed during the first year of operations:
July
1
Issued 243,000 shares of common stock at par for cash.
1
Issued 600 shares of common stock at par to an attorney in
payment of legal fees for...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Explain the capabilities of the Ollgdbg and its interfaces. What is rebasing?
- Woodbridge Manufacturing case in Appendix E, and use the three primary project evaluation methods (NPV, IRR...
- I need some good/new/not common research topics for my proposal assignment (Don't Need Political Topics, Technology...
- Write a C++ program that reads integers from standard input until end of file. Print out...
- Woo Audio is a small company in New York that makes high-quality headphone amplifiers. The company...
- How are users categorized? In Linux, which user has all the privileges? Why do we need...
- Force Table: If the center ring were to have considerable mass, what effect would it have...
ADVERTISEMENT