The Khaki Corporation has the following budgeted sales data:

January February March April
Cash Sales $70,000 $90,000 $80,000 $70,000
Credit Sales $400,000 $350,000 $300,000 $320,000

The regular pattern of collection of credit sales is 40% in the month of sale, 50% in the month following sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted cash receipts for April would be:T____________

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Answer 1

The Khaki Corporation's budgeted cash receipts for April is $383,000.

Data andCalculations:

                                  January      February         March            April

Cash Sales              $70,000       $90,000     $80,000       $70,000

Credit Sales         $400,000     $350,000   $300,000     $320,000

Cash collections:

40% sales month $160,000      $140,000    $120,000      $128,000

50% 1st month                          $200,000     $175,000      $150,000

10% 2nd month                                                $40,000       $35,000

Total collections from credit sales for April                     $313,000

Cash Sales            $70,000      $90,000       $80,000       $70,000

Total budgeted cash receipts for April =                         $383,000

Thus, the budgeted cash receipts for the month of April would be $383,000.

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Related Questions

A trial balance is a listing of which balances?

Answers

Answer:

A trial balance is a list of all the general ledger accounts (both revenue and capital) contained in the ledger of a business

Explanation:

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the complete list of items needed to prepare a statement of cash flows includes ______.

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The list of items needed to prepare the cash flows statement includes:

comparative balance sheetsincome statement additional data on investing and financing activities

In accounting, statement of cash-flow is a statement that calculate the amount of cash and cash equivalents that comes and leaves the company.

The section of the statement of cash-flow are divided into the operating activities, investing activities and financing activities.

Hence, the list of items needed to prepare the cash flows statement includes the comparative balance sheets, income statement and the additional data on investing and financing activities.

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Oreo cookies are now extremely expensive to purchase. Instead of buying oreo cookies, i now want to buy chips ahoy. What determinant of demand does this likely fall under?.

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In economics, the determinant of demand that this scenario fall under , when you go for chips ahoy because Oreo cookies are now extremely expensive is Change in Price of Substitute Good.

What is Substitute Good?

A substitute good  can be regarded as product or service that  is been used as alternative for other goods.

It should be When the price of a substitute good rise, then demand for the other substitute as well will rise.

This is referred to as  positive cross price elasticity.

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Can someone please reading this and tell me if it sounds good so far, thanks!

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It sounds good so far! nice job

It actually isn't bad; I would take out the freshman year sentence though.

Earnings per share (EPS) equals ______ divided by the average shares of common stock outstanding. (Assume no preferred stock has been issued.) Multiple choice question. Revenue Operating Income Retained Earnings Net Income

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With the issuance of preferred stock, Earnings per share (EPS) equal D. Net Income divided by the average shares of common stock outstanding.

If the company issues preferred stock, the preferred dividend is deducted from the net income before the computation of the EPS. In such a situation, the Earnings per share becomes the Net Income after the deduction of preferred dividend divided by the average common shares outstanding.

Thus, the Earnings per share without preferred dividend equals D.

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Country Kelani has I = $200 billion, S = $400 billion, and purchased $600 billion of foreign assets, how many of its assets did foreigners purchase?

Answers

Answer:

$400 billion

Explanation:

options:

A) $0 billion

B)$1,200 billion

C) $200 billion

D) $400 billion

D) $400 billion is correct answer

(Hope this helps can I pls have brainlist (crown)☺️)

During the ________ stage of system development, systems tests are evaluated by users and reviewed by management.

Answers

Answer:

acceptance testing

Explanation:

Taxes assessed on which single industry form a significant source of income for the state and add an element of unpredictability when projecting future revenues

Answers

Considering the macroeconomic analysis, Taxes assessed on the Petroleum or Oil industry form a significant source of income for the state and add an element of unpredictability when projecting future revenues.

This is because the petroleum industry is known for its high generating revenue, which has become a significant export for many countries worldwide.

Some countries that rely on petroleum or oil industry include OPEC countries, Russia, Brunei, etc.

However, given that many technologies are trying to move away from Petroleum energy, and due to its non-renewable nature, the revenue from the Petroleum industry is considered unpredictable.

Hence, in this case, it is concluded that the correct answer is Petroleum Industry.

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a competitive firm’s short-run supply curve is its ________ cost curve above its ________ cost curve.

Answers

Answer:

marginal and average total

Explanation:

A competitive firm's short run supply curve is the portion of its marginal cost curve that lies above its average total cost curve.

Do you think the united states should adopt information-control regulations similar to britain's official secrets act? explain why or why not.

Answers

Answer:

no they should ent

HELP PLEASE

Companies create a division of labor among employees in order to:

O A. reduce the opportunity cost for hiring new employees.

O B. make it easier to shift employees between different jobs.

O C. allow each employee to perform one task at a high level.

O D. gain access to more human and physical capital.

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Answer:

D

Explanation:

companies do this so everyone is more proficient with their bodies and their work

In which situation may completion of an approved refresher course or 120 hours of continuing education most likely be required

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A practicing nurse who allowed her license to lapse about 7 years ago because of family raising may be required to complete an approved refresher course or 120 hours of continuing education.

A nurse can opt to let their medical license lapse if they want to raise a family since they need to give a full attention.

However, the nurse can obtain new license by completing an approved refresher course or 120 hours of continuing education.

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brenda apologized to kordell for an e-mail that upset him. she said she had chosen an inconsiderate way of stating her idea, and that she’d be happy to discuss it further. brenda is:

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The behavior or disposition displayed by Brenda that was described above shows consideration behavior, therefore, Brenda can be said to be: expressing consideration behavior.

Consideration behavior can be described as exhibiting a friendly and supportive disposition by considering the interests of others. It also entails effectively communicating openly with others, having respect of their ideas and showing concern for their feelings.

Thus, the behavior or disposition displayed by Brenda that was described above shows consideration behavior, therefore, Brenda can be said to be: expressing consideration behavior.

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Most financial securities have some level of ________ risk. Multiple Choice unsystematic asset-specific diversifiable industry systematic

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Based on financial analysis, Most financial securities have some level of asset-specific risk.

This is because asset-specific risk is a type of risk that is unique and common to financial securities.

Asset-specific risk is often referred to as Asset-backed risk, which, like any other financial risk, concerns the tendency of losing money.

Other types of risks associated with financial securities include the following:

Credit risk, Liquidity risk, Foreign investment risk, Equity riskCurrency risk

Hence, in this case, it is concluded that the correct answer is "Asset-specific risk."

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Taxes represent __________ of the business. Multiple Choice an equity liability a cash inflow a cash outflow an accounts receivable liability

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The taxes that are being paid by a business firm represents: C. a cash outflow.

Taxation can be defined as the involuntary and compulsory fees that are usually levied on individuals or business firms (entities) by the government, so as to generate revenues which are used in funding public institutions and activities.

Basically, these taxes that are being paid by individuals or business firms (entities) is considered as a cash outflow because it represents money that are flowing out of their accounts.

In conclusion, an amount of money that is flowing out of an account such as taxes is referred to as a cash outflow.

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Can someone please read this and tell me if it sounds good so far, thanks!

Answers

Answer:

I think It sounds great! just make sure to check for punctuation and any run-on sentences :)

Explanation:

Why is it important to explain the objectives and procedures of a research project both to current and future decision makers in a company

Answers

It is important to explain the objectives and procedure of an investigation because this directly impacts the decisions that the company can make.

Companies generally research to improve their products or market research to target their products to a target audience.

When these investigations are carried out, they are always done to improve productivity, sales, and the quality of the company. Therefore, if an investigation focused on the quality of a product is carried out, the process and objectives must be shared so that the investigation impacts the improvement of the company.

For example:

When a bicycle company researches to make the design of the bicycle lighter and more aerodynamic, it can be inferred that the objective of this research is to improve the product and the procedure is through the study and experimentation of the bicycle in different controlled environments.

This will cause the company's decision-makers to promote its new model and invest more in advertising and technology development to improve the product.

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If an economic crisis were to occur that caused a significant decline in the projected tax revenue for the biennium, the state legislature would likely deal with the shortfall by taking which steps

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If a country is going through financial difficulty, there are several steps they can take including:

Reducing spending Delaying interest payments Using cash reserves

If a country sees that its taxes will not be enough to cover its obligations, it can reduce the amount it spends on goods and services so as to reduce its obligations.

Country can also increase the time taken to pay off debts so that they can divert cash to needed areas whilst waiting for things to be better.

Country can use cash reserves that it accumulated in one form or the other to weather the storm of reduced taxes.

In conclusion, the government can deal with tax shortage in several ways.

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what is the child abuse prevention hotline number

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Depends on what state you live in.

Suppose the customer data analysis software used by ABC Bank is significantly changed, and its documentation is therefore revised, but no new features are added. This type of maintenance is called a _____.

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Based on the information given this type of maintenance is called a maintenance release.

A maintenance release is a release which help to make correction on security issues such as threat  or vulnerability without modifying or adding new features to the software.

Maintenance release help to fix or repair programming errors that  occur during the software life cycle stage or programming error that occur due to mistake during the requirement stage validating process.

Software that are released often undergo a maintenance release so as  detect and fix any error or bug that was detected.

Inconclusion this type of maintenance is called a maintenance release.

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A partner's self-employment earnings (loss) may be affected by her share of ordinary business income (loss) and any guaranteed payments she receives. The impact of these amounts typically depends on the status of the partner. Which of the following statements correctly describes the effect these items have on the partner's self-employment earnings (loss)?A) General partner - only guaranteed payments affect self-employment earnings (loss).B) General partner - ordinary business income (loss) and guaranteed payments affect self-employment earnings (loss).C) Limited partner - only guaranteed payments affect self-employment earnings (loss).D) Limited partner - only ordinary business income (loss) affects self-employment income (loss).E) Both General partner - ordinary business income (loss) and guaranteed payments affect self-employment earnings (loss) and Limited partner - only guaranteed payments affect self-employment earnings (loss).

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There are different form of partnership. The statements that correctly describes the effect these items have on the partner's self-employment earnings (loss) is given below;

Both General partner - ordinary business income (loss) and guaranteed payments affect self-employment earnings (loss) and Limited partner - only guaranteed payments affect self-employment earnings (loss).

A general partner is known to be a type of owner of a partnership and they are said to either be a managing partner or active in the daily operations of the firm.

General partners are mandated to include any guaranteed payments they get and their share of ordinary business income (loss) in their self-employment earnings (loss).

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When cash from operating activities is presented using the indirect method, net income must be adjusted for increases and decreases in balance sheet accounts that relate to

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The name which is given to the process where cash from operating activities is presented using the indirect method and the net income must be balanced is:

Indirect Cash Flow Method

According to  the given question, we are asked to state the  name which is given to the process where cash from operating activities is presented using the indirect method and the net income must be balanced.

As a result of this, we can see that this is called Indirect Cash Flow Method because here, the cash flow can be deduced by checking and making some calculations on the net income from the transactions which were not done in cash.

Therefore, the correct answer is Indirect Cash Flow Method

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which three activities are part of the function of accounting?

Answers

The 3 activities which are part of the function of accounting includes:

Classifying financial transactions interpreting financial transactions Recording financial transactions

Accounting (including bookkeeping) refers to the process of recording, preparing, analyzing and interpreting financial information or statements for future purpose.

As regards the options, 3 activities which are part of the function of accounting includes:

Classifying financial transactions interpreting financial transactions Recording financial transactions

In conclusion, the process of accounting helps to identifies, records, classifies and communicate the company's economic events to interested users.

Missing word includes "1. prioritizing financial transactions 2. classifying financial transactions 3. planning financial transactions 4. interpreting financial transactions 5. recording financial transactions"

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If the price of tortillas is $1.20 per dozen, how many dozen will suppliers offer for sale?

Answers

Answer:

2,500

Explanation:

Craig Conway is CEO of a software design company named PeopleSoft, a company that has automated many human resource functions such as tracking vacation time. Conway operates at the __________ level of his organization.

Answers

The level at which Conway operates at his organization is called the Corporate Level.

Corporate Level strategy means the top hierarchy approach for administering and directing the entire activities of the organization

Here, Craig Conway is the CEO which is a top-hierarchy for his company. Any operation planned, administered and directed from his position in the organization means he is operating at the Corporate Level

Therefore, the level at which Conway operates at his organization is called the Corporate Level.

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Which sales tactic offers potential customers the opportunity to try a product or service before they make a buying decision

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Trial period of a product or service such as 7 days free with the option to cancel within the 7 days or continue the service

The blue curve on the following graph represents the demand curve facing a firm that can set its own prices.

Answers

From the graph analyzed in the question, the price will be $100 per unit while the quantity demanded will be 10 units.

From the complete question, the marginal revenue of the fourth unit that is produced will be:

= (160 × $4) - (170 × $3)

= $640 - $510

= $130

The marginal revenue of the eighth unit will be:

= (120 × 8) - (130 × 7)

= 960 - 910.

= $50

Therefore, the marginal revenue of the eighth unit is $50.

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Paul Mason's firm sells medical equipment to heart surgeons. The company fields a direct sales force that travels the country demonstrating its equipment to heart surgeons and hospital administrators. Recently, Paul's company started producing equipment for eye surgeons, partly to maximize the value of his sales force, which can now call on both heart surgeons and eye surgeons when it makes hospital visits. Paul's firm is attempting to capture economies of ________ through this strategy.

Answers

Answer:

scope

Explanation:

what importance does the stationery and information sources play in the effective and efficient Operation of an organization?​

Answers

Based on the organizational activities model, the importance of stationery and information sources in the effective and efficient operation of an organization includes "the source of quality and quantity data on the production input."

Some other importance of stationery and information sources in the effective and efficient operation of an organization includes the following:

It serves as the place to gather data about the strengths and weaknesses of the firms.It is also the source to gather the information opportunities and threats of the organizations.It is also a source of keeping records of finance, employees, success, and failures of the firms.

Hence, in this case, it is concluded that the stationery and information sources in an organization are vital to its success.

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A company's debt-to-assets ratio is 0.7 or 70%. If the company issues common stock for cash, then the debt-to-assets ratio will ______.

Answers

Answer:decrease

Explanation:

A company's debt-to-assets ratio is 0.7 or 70%. If the company issues common stock for cash, then the debt-to-assets ratio will be decreased.

What do you mean by debt-to-assets ratio?

The primary purpose of the debt-to-total assets ratio is to assess a company's capacity for borrowing additional funds. By comparing the ratio to other businesses in the same industry, that assessment is made.

Debt capacity measures a company's power to service its existing debt as well as its capacity to borrow money if necessary from additional sources of debt.

A corporation is said to be more leveraged the higher its debt-to-total assets ratio. If their revenues fall, highly leveraged businesses have a higher risk of missing loan payments, and it is more difficult to obtain additional debt to weather a slump.

Therefore, a company's debt-to-assets ratio is 0.7 or 70%. If the company issues common stock for cash, then the debt-to-assets ratio will be decreased.

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