The company's total budgeted collection from April to June amounts to * A Format: 1,111,111 NUBD Inc. prepared the following sales budget Month February March Аpril May June Cash Sales P 80,000 100,000 90,000 120,000 110,000 Credit Sales P 340,000 400,000 370,000 460,000 380,000 Collections are 40% in the month of sale, 45% in the month following the sale, and 13% two months following the sale. The remaining 2% is expected to be uncollectible.
The company's total budgeted collection from April to June amounts to * A Format: 1,111,111 NUBD Inc. prepared the following sales budget Month February March Аpril May June Cash Sales P 80,000 100,000 90,000 120,000 110,000 Credit Sales P 340,000 400,000 370,000 460,000 380,000 Collections are 40% in the month of sale, 45% in the month following the sale, and 13% two months following the sale. The remaining 2% is expected to be uncollectible.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter9: Profit Planning And Flexible Budgets
Section: Chapter Questions
Problem 45BEB: Pilsner Inc. purchases raw materials on account for use in production. The direct materials...
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![The company's total budgeted collection from April to June amounts to
Format: 1,111,111
NUBD Inc. prepared the following sales budget
Month
February
March
April
May
June
Cash Sales
P 80,000
100,000
90,000
120,000
110,000
Credit Sales
P 340,000
400,000
370,000
460,000
380,000
Collections are 40% in the month of sale, 45% in the month following the sale, and
13% two months following the sale. The remaining 2% is expected to be
uncollectible.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8791d4e1-dd2e-47ec-8d2e-1a3e7df7b7aa%2F07cc75ca-3698-4ba0-af74-0f37bdd222ed%2Fab8w71_processed.png&w=3840&q=75)
Transcribed Image Text:The company's total budgeted collection from April to June amounts to
Format: 1,111,111
NUBD Inc. prepared the following sales budget
Month
February
March
April
May
June
Cash Sales
P 80,000
100,000
90,000
120,000
110,000
Credit Sales
P 340,000
400,000
370,000
460,000
380,000
Collections are 40% in the month of sale, 45% in the month following the sale, and
13% two months following the sale. The remaining 2% is expected to be
uncollectible.
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