Solved: If sales for april may and june were 60000 80000 and 70000, Accounting Basics

If sales for april may and june were 60000 80000 and 70000

Question - Qu. Co makes all sales on account, subject to the following collection:30% are collected in the month of sale; 60% are collected in the first month after sale, and 10% are collected in the second month after sale. If sales for April, May, and June were $60,000, $80,000, and $70,000, recpectively, what were the firm's budgeted collections for June?

A. $21,000

B. $60,000

C. $69,000

D. 75,000

Solution Preview :

Prepared by a verified Expert

Accounting Basics: If sales for april may and june were 60000 80000 and 70000

Reference No:- TGS02578982

Now Priced at $20 (50% Discount)

Recommended (90%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Monitoring the client for signs of withdrawal

The nurse is caring for a client who has a history of opioid abuse and is monitoring the client for signs of withdrawal.

Reviewing health record of a client with laryngeal cancer

The nurse is reviewing the health record of a client with laryngeal cancer. The nurse would expect to note which most common risk factor

Create a life map of meaningful events of your adolescence

Create a life map or timeline (see example of a life map) of the meaningful events of your adolescence (ages 13-17). A life map tracks your life journey

Analyze the characters life journey in reverse

Use Erikson's Stages of Development as a theoretical framework and analyze the character's life journey in reverse.

Does someone like mother teresa count as moral exemplar

What do you think it takes to be a moral exemplar? Does someone like Mother Teresa count? Should moral exemplars be morally perfect?

In what ways human resources leveraged ai to recruit

Career: In what ways has Human Resources leveraged Ai to recruit employees? Industry: How has Ai affected insurance pre-approvals for patients?

Why advanced practice nurses must be equipped

Advanced practice nurses must be equipped to critique scholarly literature and discern its value for application to practice.

Solution Preview :

Prepared by a verified Expert

Accounting Basics: If sales for april may and june were 60000 80000 and 70000

Reference No:- TGS02578982

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Prepare a pension spreadsheet that shows the relationships

Q : Determine the flexibility matrix for the spring-rn ass

Q : Next level prepare journal entries to record the preceding

Q : When forming a company the options are sole proprietor

Q : If sales for april may and june were 60000 80000 and 70000

Q : Mavericks factory is highly automated using the latest in

Q : Determine the modal matrix p and the weighted modal matrix

Q : Assume that the company computes variances at the earliest

Q : Given your answers to questions 1 and 2 what should you