ion 1Manu has forecast sales to be $129900 in February, $159900 in March, $163400 in April, and $177000 in May. The average cost of goods sold is 70% of sales. 65%f sales are on made on credit, the rest are for cash. The sales on credit are collected 65% in the month of sale, and 35% the month following.What are budgeted cash receipts in March on cash sales in March?

Cash receipts refer to the amount that is received in against of sale of goods or services. It is…

anu has forecast sales to be $129900 in February, $159900 in March, $163400 in April, and $177000kn May. The avel! sales are on made on credit, the rest are for cash. The sales on credit are collected 65% in the month of sale, and 35% the month following hat are budgeted cash receipts in March on cash sales in March?

anu has forecast sales to be $129900 in February, $159900 in March, $163400 in April, and $177000kn May. The avel! sales are on made on credit, the rest are for cash. The sales on credit are collected 65% in the month of sale, and 35% the month following hat are budgeted cash receipts in March on cash sales in March?

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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