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Category > Accounting Posted 02 May 2017 My Price 7.00

Bruno Industries expects credit sales for January

BE9-9 Bruno  Industries  expects  credit  sales  for  January,  February,  and  March  to be

$200,000, $260,000, and $300,000, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month. Compute cash collections from customers for each  month.

 

 

 
 

 

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Alpha Geek
(8)
Status NEW Posted 02 May 2017 11:05 AM My Price 7.00

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Attachments

file 1493724131-1356571_1_636292045610253883_cash-collections-schedule.xlsx preview (105 words )
13-----------565-----------71&-----------amp-----------;am-----------p;i-----------nfo-----------Id=-----------431-----------144-----------cas-----------h c-----------oll-----------ect-----------ion----------- sc-----------hed-----------ule-----------BE9------------9Â----------- Br-----------uno-----------  -----------Ind-----------ust-----------rie-----------s ----------- ex-----------pec-----------tsÂ-----------  c-----------red-----------itÂ-----------  s-----------ale-----------s ----------- fo-----------r ----------- Ja-----------nua-----------ry,-----------  -----------Feb-----------rua-----------ry,-----------  -----------and-----------  -----------Mar-----------chÂ-----------  t-----------o b-----------e$2-----------00,-----------000-----------, $-----------260-----------,00-----------0, -----------and----------- $3-----------00,-----------000-----------, r-----------esp-----------ect-----------ive-----------ly.----------- It----------- is----------- ex-----------pec-----------ted----------- th-----------at -----------75%----------- of----------- th-----------e s-----------ale-----------s w-----------ill----------- be----------- co-----------lle-----------cte-----------d i-----------n t-----------he -----------mon-----------th -----------of -----------sal-----------e, -----------and----------- 25-----------% w-----------ill----------- be----------- co-----------lle-----------cte-----------d i-----------n t-----------he -----------fol-----------low-----------ing----------- mo-----------nth-----------. C-----------omp-----------ute----------- ca-----------sh -----------col-----------lec-----------tio-----------ns -----------fro-----------m c-----------ust-----------ome-----------rs -----------for----------- ea-----------ch ----------- m-----------ont-----------h.E-----------xpe-----------cte-----------d c-----------ash----------- co-----------lle-----------cti-----------ons----------- in----------- th-----------e M-----------ont-----------h o-----------f
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