C5.3 PA9Fitbands' estimated sales are: October $131,982 November $195,723 December $249,283 January $124,298 February $124,284 March $124, 273 What are the balances in accounts receivable for January, February, and March if 65% of sales are collected in the month of sale, 25% is collected the month after the sale, and 10% is the second month after the sale?

Answers

Answer 1

Answer:

Accounts receivable in January = $68,432.60

Accounts receivable in February = $55,929.20

Accounts receivable in March = $55,958.95

Step-by-step explanation:

65% of sales collected in the month of sales + 25% in the following month + 10% in second month after sales.

In January, total accounts receivable will be the amounts outstanding or unpaid by the end of January. By the end of January, a total of 10% of December sales & 35% of January sales remain outstanding.

Accounts receivable in January = 35% of January sales + 10% of December sales

Accounts receivable in January = (35% * $124298) + (10% * $249283)

Accounts receivable in January = $43504.3 + $24928.3

Accounts receivable in January = $68432.60

In February, total accounts receivable will be the amounts outstanding or unpaid by the end of February. By the end of February, a total of 10% of January sales & 35% of February sales remain outstanding.

Accounts receivable in February = 35% of February sales + 10% of January sales

Accounts receivable in February = (35% * $124284) + (10% * $124298)

Accounts receivable in February = $43,499.4 + $12,429.8

Accounts receivable in February = $55,929.20

In March, total accounts receivable will be the amounts outstanding or unpaid by the end of march. By the end of March, a total of 10% of February sales & 35% of March sales remain outstanding.

Accounts receivable in March = 35% of March sales + 10% of February sales

Accounts receivable in March = (35% * $124373) + (10% * $124284)

Accounts receivable in March = $43530.55 + $12428.4

Accounts receivable in March = $55,958.95


Related Questions

A school orders 12 boxes of dice. Each box contains six bags of dice. Each bag contains
35 dice. How many dice do the school order in total?

Answers

Answer: 2520 Dice.

Step-by-step explanation:

1. Multiply 35 Dice by 6 Bags (You should get 210)

2. Multiply the amount of dice (210) by 12 Boxes (You should get 2520 Dice)

There ya go!

Any Questions?

The answer of this is 2520. You have to multiple 35 by 6 and that gives you 210. Then you multiply 210 by 12 and that gives you the answer of 2520

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Answers

Answer:

She pays $2.40 in sales tax

Step-by-step explanation:

Answer:

it was 32.40 for me bro

Step-by-step explanation:

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Answers

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please and thank you

Answers

Answer:

90+55+x

145+x=180*

=35

answer: 35°

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Answers

Answer:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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Square root of 5
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5
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Answers

Answer:

7

Step-by-step explanation:

let the other leg be x

Then using Pythagoras' identity

The square on the hypotenuse is equal to the sum of the squares on the other 2 sides, that is

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x² = 7 ( take the square root of both sides )

x = 7

Answer:

7

Step-by-step explanation:

let the other leg be x

Then using Pythagoras' identity

The square on the hypotenuse is equal to the sum of the squares on the other 2 sides, that is

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x = 7

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Answers

Answer:

3/2 cups of flour

1/4 cups of butter

Step-by-step explanation:

Cups of flour = 6

Cups of sugar = 2

Cup of butter = 1

Marcos only has ½ cup of sugar, so he's going to make a smaller cake.

Cups of sugar for big cake = 2

Cups of sugar for small cake = 1/2

Ratio of cups of sugar for big cake to small cake is

= 2 : 1/2

= 2 ÷ 1/2

= 2 × 2/1

= 4

This means to make smaller cake, all recipes should be divided by 4

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= 6 / 4

= 3/2 cups of flour

= 1.33

Butter for small cake = Butter for big cake / 4

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Answers

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Answer:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

When multiplying those fractions, you multiply the top (numerators) by each other and you'll get 60

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Step-by-step explanation:

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Step-by-step explanation:

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Step-by-step explanation:

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Answers

Answer:

p > 31

Step-by-step explanation:

If their record is 31, and they need to beat it, then it would mean his score needs to be greater than 31, which is written as:

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Answers

Answer:

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Step-by-step explanation:

Step 1:

5x + 10 = 6x - 20       Equation

Step 2:

10 = x - 20        Subtract 5x on both sides

Step 3:

10 + 20 = x        Add 20 on both sides

Answer:

x = 30

Hope This Helps :)

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Step-by-step explanation:

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Answers

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Answers

Answer:

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Step-by-step explanation:

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Answers

Answer:

Yes, that is correct

Step-by-step explanation:

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Answers

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Step-by-step explanation:

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Answers

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Step-by-step explanation:

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Answers

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Answers

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Answers

Answer:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

134 degrees = 9q - 8

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Answers

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Answer:

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Step-by-step explanation:

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Answers

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Step-by-step explanation:


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Answers

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Step-by-step explanation:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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