Cash Receipts
Not what you're looking for?
I would like to see the steps/process to solve the following:
A company's sales all on credit, for the past three months were:
August September October
$60,000 $90,000 $45,000
a. Estimate the company's cash receipts in October if the company's collection period is 30 days.
b. Estimate the company's cash receipts in October if the company's collection period is 45 days
Purchase this Solution
Solution Summary
The solution explains how to calculate the cash receipts given the collection period.
Solution Preview
a. Estimate the company's cash receipts in October if the company's collection period is 30 days.
If the collection period is 30 days, it means that whatever is sold on Day 1 will be collected on Day 31. Whatever is sold in October will not be collected in October but will be ...
Purchase this Solution
Free BrainMass Quizzes
Understanding Management
This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
SWOT
This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.