This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Accountants at Shell Company have prepared the sales budget for the first quarter of the upcoming ... (Read 17 times)

knemetz3

  • Full Member
  • ***
  • Posts: 149
on: Feb 5, 2023
Accountants at Shell Company have prepared the sales budget for the first quarter of the upcoming year. February sales are budgeted at $175,000. All sales are made on credit. The cash receipts budget for March shows total cash receipts equal to $148,390. Shell grants a 2% discount to customers who pay within 10 days of the invoice. Shell collects 60% of sales within the discount period, 20% in the month of sale but outside the discount period, 15% in the month following sale and the remainder is uncollectible. What are the budgeted sales for March (if necessary, round your answer to the nearest dollar)?
◦ $193,958
◦ $221,625
◦ $314,795
◦ $155,000
Managerial Accounting ¦ Davis ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by knemetz3 on Feb 5, 2023

MistyHubbard

  • Full Member
  • ***
  • Posts: 174
Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


knemetz3

  • Member
  • Posts: 149
Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

amandalm

  • Member
  • Posts: 306
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

A Patient Being Prepared for Electroconvulsive Therapy. A Patient Being Prepared for Electroconvulsive Therapy.
Jet streams and Earth’s heat budget Jet streams and Earth’s heat budget
A company that makes environmental measuring devices has calculated their revenue and costs as ... A company that makes environmental measuring devices has calculated their revenue and costs as ...
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Light micrograph of a live diatom, with chloroplasts visible through the shell Light micrograph of a live diatom, with chloroplasts visible through the shell
Quarter Circle Quarter Circle
Video: Four Giant Convection Cells oF Earth

For a complete list of videos, visit our video library