Win Bicycles, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If sales on account are budgeted to be $21,100 for March and $37,400 for April, what are the budgeted cash receipts from sales on account for April?

Win Bicycles, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If sales on account are budgeted to be $21,100 for March and $37,400 for April, what are the budgeted cash receipts from sales on account for April?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 6BE: Cash budget Pasadena Candle Inc. pays 40% of its purchases on account in the month of the purchase...

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Win Bicycles, Inc. collects 25% of its sales on
account in the month of the sale and 75% in the
month following the sale. If sales on account are
budgeted to be $21,100 for March and $37,400 for
April, what are the budgeted cash receipts from
sales on account for April?

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