Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

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

Silver company makes a product that is very popular

16/04/2021 Client: muhammad11 Deadline: 2 Day

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:

1st Quarter

2nd Quarter

3rd Quarter

4th Quarter

Total cash receipts

$

280,000

$

400,000

$

330,000

$

350,000

Total cash disbursements

$

344,000

$

314,000

$

304,000

$

324,000

The company’s beginning cash balance for the upcoming fiscal year will be $45,000. The company requires a minimum cash balance of $10,000 and may borrow any amount needed from a local bank at a quarterly interest rate of 3%. The company may borrow any amount at the beginning of any quarter and may repay its loans, or any part of its loans, at the end of any quarter. Interest payments are due on any principal at the time it is repaid. For simplicity, assume that interest is not compounded.

Required:

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

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!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Top Class Engineers
Instant Assignment Writer
Finance Professor
Unique Academic Solutions
Accounting & Finance Master
Assignment Guru
Writer Writer Name Offer Chat
Top Class Engineers

ONLINE

Top Class Engineers

Hello, 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

$22 Chat With Writer
Instant Assignment Writer

ONLINE

Instant Assignment Writer

Hello, 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

$37 Chat With Writer
Finance Professor

ONLINE

Finance Professor

Hello, 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

$47 Chat With Writer
Unique Academic Solutions

ONLINE

Unique Academic Solutions

You can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you!

$43 Chat With Writer
Accounting & Finance Master

ONLINE

Accounting & Finance Master

Hello, 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

$30 Chat With Writer
Assignment Guru

ONLINE

Assignment Guru

Give me a chance, i will do this with my best efforts

$22 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Is Affordable Assignment Help Worth It? - Why fractional distillation is more efficient than simple distillation - Statement - I need 100 words article on marketing - Which metal is the strongest reducing agent - Pglo transformation lab procedure - Unspoken tickets ontario toyota arena march 19 - Kirkland dental methil fife - Reading entry 1 - Royal college of pathologists - Experience hendrix sound concert in seattle paramount theatre september 1 - Induction motor protection system project report pdf - Michelin fleet solutions case study answers - Essay on bitcoin and terrorism - See if i care readworks - Chapter 2 health care systems review questions - Business case analysis - Area and perimeter rap - Project concept definition statement - 167 45th lawrenceville pa 15201 - Book club questions for rogue lawyer - From Chapter 12, page 379 WEB-BASED CASE STUDY, THE FUTURE OF LIFE INSTITUTE. Read the case and answer all questions (20 points). - The tale of the eloquent peasant sparknotes - Clipsal homesafe battery replacement - Angus young sg standard - Is fair and lovely effective - Patrick yu audiologist burwood - From mayo’s aristotelian perspective, where is the best place to look for moral guidance? - Immigration lawyers in perth - Askia the great accomplishments - Brymore school term dates - Journal Entry - Subject:  Strategic Decision Making /Subject: Initiating the Project - Bbc scotland comedy shows - Dartmoor common land map - Modern romeo and juliet - Argumentative essay on caffeine - Which promotional activity will sell the most products - Secondary consumers in the everglades - Advantages of nestle company - Lab exercise 23 the spinal cord and spinal nerves answers - 36/38 as a percentage - 2.20 debugging painting a wall java - How to leave hialeah pdf - Florida vocational rehabilitation waiting list - Internet Research - Memories of walworth camberwell and bermondsey - Design thinking workshop slideshare - The fur coat short story characters - Pressure velocity compounding ppt - An economic development case study paper - The sob sisters story paraphrase - Drakkar noir myer - Tim hortons mission statement - Doosan 1600 compressor fault codes - Environmental science crossword puzzle answer key - What are the sides of the dna ladder made of - Cross product of complex vectors - Level 3 principles of ict systems and data security answers - The financial value placed on an object involved in an exchange is - White buffalo calf woman pipe - Scholar practitioner's guide to research design - How to build a static consolidation in excel - Assignment on marketing mix of pepsi - Product life cycle of coca cola - Rhetorical situations and their constituents by keith grant davie - Nasa's valkyrie humanoid project - Translational research graphic organizer example - 15 000 word dissertation structure - Persuasive speech topics for high school - Inorganic contaminants present in a sample of water lab report - Safe handling of medication answers - Continuous improvement essay - Season of mists and mellow fruitfulness - Taekwondo black belt grading - Interaction design beyond human computer interaction 3rd edition pdf free - Mosfet gate and source shorted - Business finance practice exam - Corey 8 step ethical decision making model - MGT317 Week-5 Final Exam score 87% - Bullock and batten 4 phase model - Www pearsonclinical com psychology products - Cat breed dichotomous key - Unilever in brazil case study solution - Hw - Crash course us history 43 - Hp 61 black ink cartridge walgreens - Us foreign policy regarding the spread of disease in nigeria - SOC paper - Locked bag 5004 parramatta - Lossing barrett - Week 1 Discussion Board - By products of atp-pc system - Organizational behavior and Leadership ppt - MD 3 - The pediatrician described jason's pharynx - Elephant martial arts movie - Level 2 breadth unimelb - Sutton hoo shoulder clasps - Week 3