Messages
Proposals
Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.
Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support
Accounting Homework 4 Questions
Subject
Business Finance
School
Wilmington University
Question Description
Question 1
Silver Company makes a product that is very popular as a Mother’s Day gift. Thus, peak sales occur in May of each year, as shown in the company’s sales budget for the second quarter given below:
April
May
June
Total
Budgeted sales (all on account)
$490,000
$690,000
$220,000
$1,400,000
From past experience, the company has learned that 25% of a month’s sales are collected in the month of sale, another 60% are collected in the month following sale, and the remaining 15% are collected in the second month following sale. Bad debts are negligible and can be ignored. February sales totaled $420,000, and March sales totaled $450,000.
Required:
1. Prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter.
2. What is the accounts receivable balance on June 30th?
Question 2
Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows:
| Writer | Writer Name | Amount | Client Comments & Rating |
|---|---|---|---|
ONLINE |
Instant Homework Helper |
$36 |
She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up! |
Custom Original Solution And Get A+ Grades
Custom Original Solution And Get A+ Grades
Custom Original Solution And Get A+ Grades
| Writer | Writer Name | Offer | Chat |
|---|---|---|---|
ONLINE |
Engineering SolutionsI have read your project details. I can do this within your deadline. |
$36 | Chat With Writer |
ONLINE |
Engineering Exam GuruGive me a chance, i will do this with my best efforts |
$31 | Chat With Writer |
ONLINE |
Pro WriterGive me a chance, i will do this with my best efforts |
$40 | Chat With Writer |
ONLINE |
Smart TutorGive me a chance, i will do this with my best efforts |
$31 | Chat With Writer |
ONLINE |
Coursework Assignment HelpGive me a chance, i will do this with my best efforts |
$33 | Chat With Writer |
ONLINE |
Coursework HelperHello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism |
$43 | Chat With Writer |
Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.