Scare-2-B-U (S2BU) specializes in costumes for all occasions. The average price of each of its...
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Accounting
Scare-2-B-U (S2BU) specializes in costumes for all occasions. The average price of each of its costumes is $310. For each occasion, S2BU receives a 30 percent deposit two months before the occasion, 50 percent the month before, and the remainder on the day the costume is delivered. Based on information at hand, managers at S2BU expect to make costumes for the following number of occasions during the coming months.
April
40
May
35
June
20
July
45
August
60
September
120
Req A:
What are the expected revenues for S2BU for each month, April through September? Revenues are recorded in the month of the occasion.
Revenues
April
May
June
July
August
September
Req B:
What are the expected cash receipts for each month, April through July?
Cash Receipts
April
May
June
July
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