Minot Corporation is preparing its cash budget for August. The following information is available concerning its accounts receivable: Estimated credit sales for August$180,000 Actual credit sales for July$135,000 Estimated collections in August for credit sales in August 20% Estimated collections in August for credit sales in July 75% Estimated collections in August for credit sales prior to July$14,400 Estimated write-offs in August for uncollectible credit sales$7,200 Estimated provision for bad debts in August for credit sales in August$6,300 Required: What is the estimated amount of cash receipts from accounts receivable collections in August

Island novelties, inc., of palau makes two products—hawaiian fantasy and tahitian joy. each product's selling price, variable expense per unit and annual sales volume are as follows:

Max fischer is a beekeeper. his annual group insurance costs 11,700. his employer pays 60% of the cost. how much does max pay semimonthly for it?

Neon light company of kansas city ships lamps and lighting appliances throughout the country. ms. neon has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by one and one-half days. furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. the bank has a remote disbursement center in florida. a. if neon light company has $2.90 million per day in collections and $1.18 million per day in disbursements, how many dollars will the cash management system free up?