Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
samestepp samestepp
wrote...
Go to Answer
Posts: 126
Rep: 0 0
A year ago
Avery Manufacturing has the following sales budgets for the fourth quarter.

Cash SalesCredit Sales
October$580,400$232,900
November624,800344,000
December806,900398,700
The accounting manager has analyzed cash collections and determined that credit sales are collected 70% in the month of sale, 20% in the month following the sale, and 10% in the second month following sale. How much cash is Avery expected to collect in December?

▸ $1,178,080

▸ $898,990

▸ $1,205,600

▸ $1,154,790
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 66 times
1 Reply
Replies
Answer verified by a subject expert
jtarinayjtarinay
wrote...
#1
Posts: 126
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

samestepp Author
wrote...

A year ago
This site is awesome
SUmmerPeople
wrote...

Yesterday
Thank you, thank you, thank you!
ofsuahasiufhoas
wrote...

2 hours ago
Helped a lot
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1116 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 180
  
 90
  
 226
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 431
Previous poll results: Which is the best fuel for late night cramming?