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题目

MCD2150 - T1 - 2025 Week 9 Workshop 2 Quiz

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Question textSqualo D’Messina is a wholesaler of bicycle wheels, selling to retail stores in Australia. He requires assistance with his cash flow. He has provided you the following sales information. [table] | ACTUAL | ESTIMATED | August | September | October | November | December Sales | $ 270000 | $ 230000 | $ 240000 | $ 260000 | $ 237500 [/table] Assumptions / Objectives ·  Composition of sales are to be maintained at 60% cash and 40% credit. ·  The pattern of collections from A/C Receivable are expected to continue as shown. o  30% will be received in the same month as the month of sale o  50% will be received in the month following the month of sale o  20% will be received in the second month following the month of saleYou are required to provide him with the Receipts from Accounts Receivable for the month designated in the table below.[table] Month | Credit Sale | October August | $Answer 1 Question 3 | $Answer 2 Question 3 September | $Answer 3 Question 3 | $Answer 4 Question 3 October | $Answer 5 Question 3 | $Answer 6 Question 3 November | | December | | Total | | $Answer 7 Question 3 [/table]Please answer all parts of the question.

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We start by clarifying the given data and what needs to be calculated. - Sales pattern: 60% cash and 40% credit each month. - Receipts pattern for credit sales: 30% received in the same month as sale, 50% in the following month, and 20% in the second month following the sale. - Actual sales during the period provided: August 270,000; September 230,000; October 240,000; November 260,000; December 237,500. From this, we first compute monthly credit sales (40% of each month’s sales): - August credit sales = 270,000 × 0.40 = 108,000 - September credit sales = 230,000 × 0.40 = 92,000 - October credit sales = 240,000 × 0.40 = 96,000 - November credit sales = 260,000 × 0.40 = 104,000 - December credit sales = 237,500 × 0.40 = 95,000 ......Login to view full explanation

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Question textSqualo D’Messina is a wholesaler of bicycle wheels, selling to retail stores in Australia. He requires assistance with his cash flow. He has provided you the following sales information. [table] | ACTUAL | ESTIMATED | August | September | October | November | December Sales | $ 270000 | $ 230000 | $ 240000 | $ 260000 | $ 237500 [/table] Assumptions / Objectives ·  Composition of sales are to be maintained at 60% cash and 40% credit. ·  The pattern of collections from A/C Receivable are expected to continue as shown. o  30% will be received in the same month as the month of sale o  50% will be received in the month following the month of sale o  20% will be received in the second month following the month of sale You are required to provide him with the Receipts from Accounts Receivable for the month designated in the table below.[table] Month | Credit Sale | November August | | September | $Answer 1 Question 4 | $Answer 2 Question 4 October | $Answer 3 Question 4 | $Answer 4 Question 4 November | $Answer 5 Question 4 | $Answer 6 Question 4 December | | Total | | $Answer 7 Question 4 [/table]

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