Sun company has studied the collection pattern of sales for the past year and management has developed the following collection schedule:
55 percent in the month of sale with a 1 percent discount
30 percent in the month of sale
15 percent in the second month following the sale
Actual sales for past six months are:
January $200,100
February 220,450
March 300,700
April 251,200
May 275,890
June 180,460
Expected sales for the next six months are:
July $175,800
August 194,500
September 186,300
October 210,750
November 349,000
December 375,900
A) Determine the expected cash receipts by the month for July through September
B) Determine the expected cash discounts by month for July through September
C) Determine the expected ending balance of accounts receivable by the month of July through September

Answers

Answer 1

A) The determination of the expected cash receipts from July to September is as follows:

                                          July            Aug.          Sept.  

Expected Sales             $175,800    $194,500    $186,300

Cash (55%)                       96,690      106,975     102,465

1% discount                           967          1,070          1,025

Net cash sales                 95,723      105,905      101,440

30% month 1                    52,740       58,350       55,890

15% month 2                   27,069        26,370        29,175

Total cash receipts   $175,532   $190,625   $186,505

B) The determination of the expected cash discounts from July to September is as follows:

                                             July            Aug.          Sept.  

Expected Sales             $175,800    $194,500    $186,300

Cash (55%)                       96,690      106,975     102,465

1% Cash Discounts            $967        $1,070      $1,025

C) The determination of the expected ending balance of accounts receivable from July to September is as follows:

                                             July            Aug.            Sept.

Expected Sales              $175,800     $194,500    $186,300

Ending balance of

 Accounts Receivable  $26,370      $29,175    $ 27,945

= 15% of July, August, and September Sales

Data and Calculations:

                         July            Aug.         Sept.          Oct.          Nov.            Dec.

Expected

 Sales           $175,800  $194,500   $186,300   $210,750   $349,000  $375,900

Cash (55%)      96,690    106,975     102,465      115,913      191,950    206,745

1% discount           967        1,070          1,025         1,159          1,920        2,067

Net cash sales 95,723   105,905      101,440     114,754     190,030    204,678

30% month 1    52,740     58,350      55,890     63,225     104,700      112,770

15% month 2   27,069      26,370       29,175     27,945        31,613      52,350

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Related Questions

The sum of three numbers is 99. The third number is 3 times the first . The second number is 9 more than the first. What are the numbers?

Answers

Answer: This can be written as x + (x-9) + 3(x-9) = 99

5x - 36 = 99

5x = 135

x = 135/5 = 27

You can now just plug in the value of x for each of the initial terms to get:

n1 = 27

n2 = 18

n3 = 54

Step-by-step explanation:

If x=47 , find the measures of angles 1,2 and 3​

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Angle x and 2 are congruent so angle 2 is also 47 degrees.

Angle x and angle 1 are supplementary so angle x and angle 1 adds up to 180 degrees.

180-47=133. Angle 1 is equal to 133.

Angle 1 and angle 3 are congruent as well so angle 3 is also 133 degrees.

Express your answer in scientific notation. 0.00045 – 2.5-10-5​

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Answer:

17.49955

Step-by-step explanation:

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Answer:

1/10

Step-by-step explanation:

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Answer:

The first one is correct

Step-by-step explanation:

12. Una notaría cobra $3500 por elaborar un título de propiedad y $2000 por el acta constitu-
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Answers

Usando un sistema de ecuaciones, hay que se elaboraron 6 títulos y 16 actas.

Para el sistema, hay que:

x es el número de títulos elaborados.y es el número de actas elaboradas.

Total de 22 operaciones, o sea:

[tex]x + y = 22[/tex]

$3500 por elaborar un título de propiedad y $2000 por el acta constitutiva de una empresa. Ingreso total de $53000, o sea:

[tex]3500x + 2000y = 53000[/tex]

De el primer ecuación:

[tex]y = 22 - x[/tex]

Reemplazando en la segunda:

[tex]3500x + 2000y = 53000[/tex]

[tex]3500x + 2000(22 - x) = 53000[/tex]

[tex]1500x = 9000[/tex]

[tex]x = \frac{9000}{1500}[/tex]

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[tex]y = 22 - x = 22 - 6 = 16[/tex]

Se elaboraron 6 títulos y 16 actas.

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Answer is B according to distributive property.

Answer:

The answer is B

Step-by-step explanation:

Hope it helps

What is the square root of -1?

Answers

Answer:

it's not possible i any ways

square root of negetive numbers is not possible

Step-by-step explanation:

hope it helps you

Answer:

Like all non-zero numbers, −1 has two square roots, which we call i and −i

so its i

D
C
Out of every five students at a school,
there are two who take art as an elective.
h
С
If sixty students are taking art, how many
students attend the school?

Answers

Answer:

210

Step-by-step explanation:

210 students attend the school. if 60 students are taking art, and there are 2 art students in every 7 students, that means there are 30 groups of 7 because 30×2=60 so since the other 5 do not take art, you would multiply 30×5 and get 150. Then you would add 60 and you would get 210

Jenna buys an item with a normal price of $70, and uses a 40% off coupon.

Answers

Answer:

Jenna paid $42.00

Step-by-step explanation:

$70-40%=28.00

70-28=42

Please help!
In the figure below, P is the midpoint of LM, and Q is the midpoint of MN. Use the Midpoint formula to find the location of point P and point Q.

Answers

Answer:

P= (5.5, 8)

Q=(8.5,5)

Step-by-step explanation:

Coordinates of L: (2,7)

Coordinates of M: (9,9)

Coordinates of N: (8,1)

Midpoint formula is: [tex]\left(\frac{x_1+x_2}{2},\frac{y_1+y_2}{2}\right)[/tex]

P is the midpoint of LM, so the coordinates of P will be ((2+9)/2,(7+9)/2)

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Q's coordinates are (8.5,5)

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Hope this helps have a great day!!!!!

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0.12 is the correct answer

If the formula is D=M/V and we know D=2.70 and V=60 how to we solve for M?

Answers

Answer:

d=140

v=60

140.60=8400 its m

Steven drove 12,060 miles in the last 12 months. On average, how many miles did Steven drive each month?

Answers

The average distance traveled by Steven in 1 month is 1,005 miles.

What is the average?In plain English, an average is a single number chosen to represent a group of numbers; it is often the sum of the numbers divided by the number of numbers in the group. The average of the numbers 2, 3, 4, 7, and 9 is, for instance, 5. The average is the ratio created by dividing the total number of figures in a set by the total number of figures. Scoring an average of 85 on the test means may signify a value in the middle of two extremes or the simple average.

So, average miles traveled in 1 month:

Distance Steven drove is 12060 miles.Distance traveled in 12 months.

So, the average distance traveled in 1 month is:

12060/12 1005 miles

Therefore, the average distance traveled by Steven in 1 month is 1,005 miles.

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Answer:

The average distance traveled by Steven in 1 month is 1,005 miles.

Step-by-step explanation:

Pls help I’ll brainlest

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Answer:

Here are the unscramabled words

Step-by-step explanation:

1. Observation

2. Hypothesis

3. Results

Thank you! Please Brainliest! :)

Jack paid $46 for 4 pizzas. How much did he pay per pizze?

Answers

Answer:

46÷4 = 11.5

so tha answer is $11.50

Step-by-step explanation:

brainliest plz

Answer:

$11.50

Step-by-step explanation:

Divide 46 by 4 and that will result in $11.50

How many solutions does this equation have?

–7c = –7c + 3

Answers

Answer:

0

Step-by-step explanation:

If you move like terms to one side you'll get

-7c + 7c = 3

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Answers

Answer:

Step-by-step explanation:

x - 3y = 4

x - 3(-3) = 4

x + 9 = 4

x = -5

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    - 3y = 15

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I don't see how (0, -3) could be a solution to the equation.

16. Mr. Cho owes the bank $120. He borrows money to buy 12 coffees at
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Answers

Answer:

$135

Step-by-step explanation:

120+(12*1.25)

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135

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1387 as shown in the working

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Answers

Answer:

C.  g(x)=3√x+4+3

Step-by-step explanation:

g(x) shift left 4, shift up 3, with no compression or stretch.

a=1

h=-4

k=3

The function f(x) after the transformation can be written as -

g(x) = [tex]$\sqrt[3]{x-4} +3[/tex]

What is function?

A function is a relation between a dependent and independent variable. We can write the examples of function as -

y = f(x) = ax + b

y = f(x, y, z) = ax + by + cz

Given is that function g(x) is a transformation of the cube root parent function f(x) = [tex]$\sqrt[3]{x}[/tex].

The function f(x) is shifted up by three units and left by 4 units. So, we can write the rule for the function transformation as -

g(x) = [tex]$\sqrt[3]{x-4} +3[/tex]

Therefore, the function f(x) after the transformation can be written as -

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Simplify 11y^2+10y-9y^2-8y+5y^0

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Answer:

2y^2 + 2y + 5

Step-by-step explanation:

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Which best describes the value of 8 in 3.458?
Since 8 is in the thousandths place, the value of the digit is 0.008.
Since 8 is in the hundredths place, the value of the digit is 0.08.
O Since 8 is in the thousandths place, the value of the digit is 0.08.
Since 8 is in the hundredths place, the value of the digit is 0.008.

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Answer:

Since 8 is in the thousandths place, the value of the digit is 0.008.

um I hope that's correct.

Can anyone help me with the question in the picture?

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26.

Set the terms given equal to each other, since same side interior angles are congruent. Then solve for x. You should get 26.

Answer: x=26

set 4x+8=6x-44

then get the x to the left side and make it stand alone by subtracting the other numbers to get them over

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Which equation applies the associative property of multiplication?

A. (-1\4 - 5\3) - 3\5 = -1\4 - (5\3 - 3\5)

B. -5\12 times (6\5 times 1\3) times 9\2 = (-5\12 times 6\5) times (1\3 times 9\2)

C. -6\7 times 8\11 times 1\3 = 8\11 times (-6\7) times 1\3

D. (-7\8 times 2\5) + ( 7\8 times 3\5) = -7\8 times (2\5 + 3\5) ​

Answers

Answer:

(a) is correct answer but it is w.r.t addition

not multiplycation.

Step-by-step explanation:

may it will help you.

mark me brainlist plz.

Write an inequality to represent this situation (1 point):
Jake earned more than $49 dollars.

Answers

The inequality that represents the situation is:

[tex]E_J > 49[/tex].

Jake earnings are unknown, so it is going to be represented by a variable, that we are going to call it [tex]E_J[/tex].

His earnings are of more than 49 dollars, that is, [tex]E_J[/tex] is greater than $49, which means that the following inequality models this situation:

[tex]E_J > 49[/tex].

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solve for x: 2(3x +1)-4=6 ​

Answers

Answer:

4/3 or 1.3333333...

Step-by-step explanation:

2 x (3x + 1)-4 = 6.

6x+2-4=6.

6x+2=10

6x=8.

X= 1.3333333... OR 4/3

Answer:

refer to the attachment

hope it helps

math
what at is -4/5 divided by 5/6

Answers

Answer:

-24/25

Step-by-step explanation:

-4/5 ÷ 5/6

To divide fractions, use KFC:

Keep the first fraction the sameFlip the second fractionChange the sign from ÷ to ×

-4/5 ÷ 5/6 would become -4/5 × 6/5 which is -24/25

Hope this helps!

Answer:

-24/25

Step-by-step explanation:

First you keep the first fraction and then you change the division sign to multiplication, then change the second fraction

4/5 time 6/5 and you can’t simplify so -24/25 is your answer.

If3r + 5y = 13 and 6r + 7 y = 20, find the value of

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Answer:

Step-by-step explanation:

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