Solved

Dante Enterprises Sells Hot Sauce to Restaurants Throughout the South

Question 31

Essay

Dante Enterprises sells hot sauce to restaurants throughout the south.Dante sells each jar of hot sauce for $.90.The company's accountant has prepared the following sales forecast (in units)for the fourth quarter of the current year:
 October  8000 urits  November 15 d00 urits  December 18000 urite \begin{array} { l c } \text { October } & \text { 8000 urits } \\\text { November } & 15 \text { d00 urits } \\\text { December } & 18000 \text { urite }\end{array}
Historically,the cash collection of sales has been as follows: 40 per cent in the month of sale,50 per cent in the month following sale,and 10 per cent in the second month following sale.
Required: Compute projected cash receipts for the month of December.

Correct Answer:

verifed

Verified

None...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions