please SOLVE 7-31 Netfl × D, Assignments-Account × new doc 2017-11-1909.10.13 ×

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please SOLVE 7-31

Netfl × D, Assignments-Account × new doc 2017-11-1909.10.13 × new doc 2017-11-1909.10.13 × e new doc 2017-11-19 09.1013 - Ex & Assgn Ch 7-1.pdf https://elearning.sharja TripAdvisor vbid-1029604-dt-content-rid-1514705-1/courses/0301215, € Kris Gethin's 12-week- … Search @Getting Started * Most Visited TV-Events spread the word Watch Friends Online.. Mail Salaheddin Abd. E Blackboard Learn 1 of 1 - Automatic Zoom CJU purchases merchandise for resale to meet the current month's sales demand and to maintain a desired monthly ending inventory of 25% of the next month's cost of goods sold. All purchases are on credit. CJU pays for one-half of a month's purchases in the month of purchase and the other half in the month following the purchase. All sales and purchases occur uniformly throughout the month. accounts receivable collections during July 20X8? 1. How much cash can CJU plan to collect from 2. Compute the budgeted dollar value of CJU inventory on May 31, 20x8. 3. How much merchandise should CJU plan to purchase during June 20X8? 4. How much should CJU budget in August 20X8 for cas h payments for merchandise purchased? 7-30 Sales Budget Suppose a Gap store has the following data Accounts receivable, May 31: (3x May sales of $350,000) = $105,000 · Monthly forecasted sales: June, $410,000; July, $44 0,000; August, $500,000; September $530,000 Sales consist of 70% cash and 30% credit. All credit accounts are collected i ing the sales. Uncollectible accounts are negligible and may be ignored. the month follow Prepare a sales budget schedule and a cash collections budget schedule for June, July, and Au 7-31 Sales Budget A Kyoto clothing wholesaler was preparing its sales budget for the first quarter of 2008. Forecast sale are (in thousands of yen) Scanned by CamScanner

Explanation / Answer

Nov Dec Jan Feb March Sales          2,00,000          2,20,000          2,40,000 Cash Sales N*20%             40,000             44,000             48,000 N= Current Month Credit Sales 180000 156000          1,60,000          1,76,000          1,92,000 N-1=Previous Month N*50%             80,000             88,000             96,000 (N-1)*40%             78,000             64,000             70,400 N-2= Previous to Previous month (N-2)*10%             18,000             15,600             16,000 Total Collections          2,16,000          2,11,600          2,30,400 I belive there is mistake in question the opening A/R should be 10% 0f 180000 18000 40% of 156000 62400 instead of 50% as it is collected in the same of sale However I am presenting on both ways Nov Dec Jan Feb March Sales          2,00,000          2,20,000          2,40,000 Cash Sales N*20%             40,000             44,000             48,000 Credit Sales             1,80,000    1,56,000          1,60,000          1,76,000          1,92,000 N*50%             80,000             88,000             96,000 (N-1)*40%             62,400             64,000             70,400 (N-2)*10%             18,000             15,600             16,000 Total Collections          2,00,400          2,11,600          2,30,400

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