00,000 May 225,000 June 250,000 All sales are on account (credit) with 50% collected in the month of sale, 40% collected in the following month after sale, and 10% collected in the second month after sale. There are no uncollectable accounts. Required:
00,000 May 225,000 June 250,000 All sales are on account (credit) with 50% collected in the month of sale, 40% collected in the following month after sale, and 10% collected in the second month after sale. There are no uncollectable accounts. Required:
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter8: Budgeting For Planning And Control
Section: Chapter Questions
Problem 34E: A companys sales for the coming months are as follows: About 20 percent of sales are cash sales, and...
Related questions
Question
Do it on the Road Bus Co.’s sales budget for the second quarter is as follows:
|
April |
$200,000 |
|
May |
225,000 |
|
June |
250,000 |
All sales are on account (credit) with 50% collected in the month of sale, 40% collected in the following month after sale, and 10% collected in the second month after sale. There are no uncollectable accounts.
Required:
What would be the budgeted cash collections in the month of June?
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