Saathi forecast sales of P48,000 for the month of June and P55,000 for July. It has been assumed that 60% of the sales are for cash and remaining are credit sales. The customers pay in the month following the sale. Calculate budgeted cash receipts for the month of July.

Saathi forecast sales of P48,000 for the month of June and P55,000 for July. It has been assumed that 60% of the sales are for cash and remaining are credit sales. The customers pay in the month following the sale. Calculate budgeted 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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