RB Co. prepared these data related to its cash budget: Cash Sales Credit Sales P240,000 300,000 370,000 360,000 380,000 August September October P180,000 200,000 190,000 220,000 210,000 November December Collections are 40% in the month of sale, 35% in the month following the sale and 20% two months following the sale. The remaining 5% is expected to be uncollectible. How much is the total budgeted cash receipts for the quarter ended December 31?

RB Co. prepared these data related to its cash budget: Cash Sales Credit Sales P240,000 300,000 370,000 360,000 380,000 August September October P180,000 200,000 190,000 220,000 210,000 November December Collections are 40% in the month of sale, 35% in the month following the sale and 20% two months following the sale. The remaining 5% is expected to be uncollectible. How much is the total budgeted cash receipts for the quarter ended December 31?

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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