A firm has actual sales in November of $1,000 and projected sales in December and January of $3,000 and $4,000, respectively. The firm makes 10 percent of its sales for cash, collects 40 percent of its sales one month following the sale, and collects the balance two months following the sale. The firm's total cash receipts in January is

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A: Cash budget means the expected cash receipts and expected cash payment for the next year. Cash…

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A: Miscellaneous expense for March = sales x 10% = $320000 x 10% = $32,000

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A: November collection = 15/30 x 61000 + 68000 x15/30 = $64500 December collection = 15/30 x 68000 +…

Q: what are the cash receipts from sales in February?

A:

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A:

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A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

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A: Credit sales are purchases made by customers for which payment is delayed. Delayed payments allow…

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A: As posted multiple independent questions we are answering only first question kindly repost the…

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A: Month Projected Sales Amount June $100000 July $90000 August $70000

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A: Cash Budget Worksheet           December  January  February  March Budget of receipts from sales…

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A: “Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only…

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A:

Q: Yanimize company sales in December 2018 were $70,000 and they are expected to rise by $4,500 per…

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A: March sales collected in March = Credit March sales x 30%

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A: January Revenue    =            $ 2,50,000 + increment @ 5%   =            $    12,500 ($ 2,50,000 x…

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A: Solving 3 sub parts A)

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A: Cash sales for August = Total sales x 30% = $93,000 x 30% = $27,900

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.