Home / Questions / OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates
OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates that 20% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 25% pay their accounts in the month of sale, while the remaining 75% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows:
| October | $116,000 |
| November | 145,000 |
| December | 212,000 |
The Accounts Receivable balance on September 30 was $78,000.
Prepare a schedule of cash collections from sales for October, November, and December. Round all calculations to the nearest whole dollar.
Dec 05 2019 View more View Less
Quesson 3 answered Demand for a product is forecasted for the six periods is 263, 256, 301, 312, 304, and 294. 1 a LEVEL PRODUCTION strategy is adopted with a constant pr...
Apr 29 2021What future activities would you suggest for Toyota as it strives to improve its reputation?
Jul 23 2020Determine the nodal forces for (1) the quadratic varying pressure loading shown in Figure P6–12(a) and (2) the sinusoidal varying pressure loading shown in Figure P6–12(b...
Aug 01 2020A group of individuals of a plant or animal species, inhabiting a given area is called a) Biome b) Population c) Ecosystem d) Community
Jul 11 2021The structure of Problem 9.5 is modified so that the columns are hinged at the base. Determine the natural vibration frequencies and modes of the modified system, and com...
Jun 10 2020Is the firm positioning itself with a unique product? Is the product needed?
Jul 22 2021On January 31, 2013, B Corp. issued $450,000 face value, 11%bonds for $450,000 cash. The bonds are dated December 31, 2012, andmature on December 31, 2022. Interest will ...
Mar 21 2020& (-1)-1 2n-1 5 Σ 51-1 7 Select one: o True 0 False
Apr 25 2021Determine the reactions and the member end forces in local coordinates for the frames shown in Figs. P18.7–P18.9 by using the matrix stiffness method.
May 25 2020Give an example to show that the integral of a quotient is not the quotient of the integrals.
Jun 28 2021