Calculate the Following:
A) Determine the Cash Receipts for April $\quad \$ 63,000$

question 27

Essay

Calculate the following:
a) Determine the cash receipts for April based on the following data: Cash payments during April $\quad \$ 63,000$
Cash account balance, April $1 \quad 25,500$
Cash account balance, April $30 \quad 31,750$ b) Determine the cash received from customers on account during April based on the following data:
Accounts receivable account balance, April 1 $22,500
Accounts receivable account balance, April 30 15,250
Fees billed to customers during April 45,000

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Definitions:

Cruise Line

is a company that operates cruise ships, offering vacation and travel services across various destinations and oceans.

Spot Market

A public market for trading financial instruments or commodities, where transactions are completed immediately upon agreement.

Forecasting Function

The process of making predictions about future events or trends based on historical data and analysis.

Revenue Management System

A strategy and software used by companies to optimize the financial results by managing pricing, inventory, and consumer accessibility.