材料全屏 Mr Grob started trading in 20X3, selling one product, wheelbarrows, on credit to small retail outlets. The following budgeted information for 20X4 has been gathered: January 20X4 February 20X4 March 20X4 Credit sales $12,000 $15,000 $21,000 Receivables have recently been settling their debts 50% in the month following sale； and 50% two months after sale.
A、prompt payment discount of 3% is offered to those receivables paying within one month. The gross profit margin is expected to be 25%. Due to an anticipated continued increase in sales, Mr Grob intends to increase inventory levels in March 20X4 by $2,000, and it is intended that the payables balance is increased by $3,000 to ease cash flow in the same month. 72 【简答题】 Calculate the budgeted cash that will received in March 20X4.
A、prompt payment discount of 3% is offered to those receivables paying within one month. The gross profit margin is expected to be 25%. Due to an anticipated continued increase in sales, Mr Grob intends to increase inventory levels in March 20X4 by $2,000, and it is intended that the payables balance is increased by $3,000 to ease cash flow in the same month. 72 【简答题】 Calculate the budgeted cash that will received in March 20X4.
【参考答案及解析】
Cash received in March = $15,000 x 0.5 x 0.97 + $12,000 x 0.5 = $13,275
Cash received in March = $15,000 x 0.5 x 0.97 + $12,000 x 0.5 = $13,275