Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

Ellis Sport Shop projects sales of $75,000 in April, $95,000 in May, and $100,000 in June. Seventy percent of Ellis' sales are on credit with 60 percent of receivables collected in the month after the sale and the rest of receivables collected in the second month after the sale. February sales were $60,000 and March sales were $70,000. In the past Ellis' bad debt percentage has been 0 and is expected to continue. What is the balance of Receivables at the end of June?

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M947011

Have any Question? 


Related Questions in Basic Finance

1 at december 31 2014 hyasaki corporation has the following

1. At December 31, 2014, Hyasaki Corporation has the following account balances: Bonds payable, due January 1, 2023 $2,102,000 Discount on bonds payable 113,400 Interest payable 104,960 Show how the above accounts should ...

The domestic and international financial marketplace topic

The domestic and international financial marketplace. Topic include financial markets, types of financial intermediaries, the form and methods of stock market operation, the stock market, multinational corporation, forei ...

Analyzing capital expendituresassume that you have received

Analyzing Capital Expenditures Assume that you have received a capital expenditure request for $52,000 for plant equipment and that you are required to do a justification analysis using capital budgeting techniques. The ...

1- explain the calculations in each of the three panels

#1- Explain the calculations in each of the three panels below, one at a time. Explain the purpose of the calculation and the procedure of the calculation, i.e., how the data inputs determine the output - the result. Bon ...

You purchased an mri scanner two years ago for 20 million

You purchased an MRI scanner two years ago for $2.0 million. The MRI has a 5-year depreciable life with no salvage value. If that same MRI now costs $3.0 million, what would the difference between replacement cost deprec ...

I need your help with the below three assignment no need

I need your help with the below three assignment. No need for "Executive Summary" just start with introduction, please. Assignment 1: Module 01 - Introduction and Framework for Sustainability Which of the nine principles ...

Gaia research hospital purchased a digital image-processing

Gaia Research hospital purchased a digital image-processing machine three years ago at a cost of $45,000. The machine had an expected life of eight years at the time of purchase and an expected salvage value of $5,000 at ...

Meyer amp co expects its ebit to be 75000 every year

Meyer & Co. expects its EBIT to be $75,000 every year forever. The firm can borrow at 12 percent. Meyer currently has no debt, and its cost of equity is 15 percent and the tax rate is 35 percent. The company borrows $152 ...

Portfolio beta you own 34600 of city steel stock that has a

Portfolio Beta You own $34,600 of City Steel stock that has a beta of 3.40. You also own $44,500 of Rent-N-Co (beta = 1.89) and $21,900 of Lincoln Corporation (beta = -.71). What is the beta of your portfolio?

Evaluate sokols conduct and determine which if any of the

Evaluate Sokol's conduct and determine which, if any, of the CFA Institute Standards of Professional Conduct are applicable. For each applicable Standard, determine whether conduct complied with or violated the Standard. ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate