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

Author Question: Wright's sales budget for the third quarter of the upcoming year shows budgeted sales of $465,000, ... (Read 75 times)

parker123

  • Full Member
  • ***
  • Posts: 137
on: Feb 5, 2023
Wright's sales budget for the third quarter of the upcoming year shows budgeted sales of $465,000, $525,000, and $487,500 in July, August, and September, respectively. All sales are made on credit. The cash receipts budget for September shows total cash receipts equal to $459,975. Wright grants a discount to customers who pay within 10 days of the invoice. Wright 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 is the discount offered by Wright, and what are the cash collections in September associated with September sales?
◦ 3%; $381,225
◦ 2%; $384,150
◦ 3%; $283,725
◦ 2%; $477,750
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 parker123 on Feb 5, 2023

gwisel

  • Full Member
  • ***
  • Posts: 154
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 39% of students answer this correctly


parker123

  • Member
  • Posts: 137
Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

steff9894

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th Changes in boreal forest composition along a chronosequence in Quebec. Dates refer to the year of th
Why Different Constellations Are Visible at Different Times of the Year Why Different Constellations Are Visible at Different Times of the Year
This photo shows a newborn baby minutes after birth. This photo shows a newborn baby minutes after birth.
Flow cytometry data that shows the differences in CD3+ CD4+ cells that occur with HIV infection. ... Flow cytometry data that shows the differences in CD3+ CD4+ cells that occur with HIV infection. ...
The energy budget The energy budget
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: Hormonal feedback loop components & Glucagon (glycogenolysis and gluconeogenesis)

For a complete list of videos, visit our video library