A company forecasts that the following sales: 118 BD in May, 138 BD in June and 285 BD in July. Sales will be paid in three parts, 30% will be paid in cash, another 30% will be paid after one month and the remining 40% will be paid after two months. Additionally, the company will receive 42 BD in dividends in July, and 198 BD from the sale of stocks in May. Based on the information given what is the anticipated total cash receipts for the month of July?

A company forecasts that the following sales: 118 BD in May, 138 BD in June and 285 BD in July. Sales will be paid in three parts, 30% will be paid in cash, another 30% will be paid after one month and the remining 40% will be paid after two months. Additionally, the company will receive 42 BD in dividends in July, and 198 BD from the sale of stocks in May. Based on the information given what is the anticipated total cash receipts for the month of July?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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