Feeney furniture prepared the following sales budget: month march april may june cash sales credit sales $11,000 0 $11,000 0 37,000 $51,000 $17,000 $39,00 $45,000 $60,000 credit collections are 5% two months following the sale, 30% in the month following the sale, and 62% in the month of sale. the remaining 3% is expected to be uncollectible what are the total cash collections in june at feeney furniture? oa. $111,000 b. $103.270 oc. $20.470 o d. $43,270

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

Financial information that is capable of making a difference in a decision is

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.