Question
Question 4 Shown below are budgeted sales for Dadich Company: November December January February March Budgeted Sales $83,000 $96,000 $47,000 $63,000 ? 20% of
Question 4 Shown below are budgeted sales for Dadich Company: November December January February March Budgeted Sales $83,000 $96,000 $47,000 $63,000 ? 20% of the company's sales are cash sales and 80% of the company's sales are made on account. The sales on account are collected in the pattern 10% in the month of sale, 22% in the month following sale, 61% in the second month following sale, and the final 7% is collected in the third month following sale. At March 31, Dadich Company reported a budgeted accounts receivable balance of $51,628. Calculate the budgeted sales in March. k
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Step: 1
To calculate the budgeted sales in March lets break down the sales collections for the previous mont...Get Instant Access with AI-Powered Solutions
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Step: 2
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