QUESTION 14 A company forecasts that the following sales: 279 BD in May, 166 BD in June and 169 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 70 BD in dividends in July, and 89 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?

QUESTION 14 A company forecasts that the following sales: 279 BD in May, 166 BD in June and 169 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 70 BD in dividends in July, and 89 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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