Question
13. The BRS Corporation makes collections on sales according to the following schedule: 35% in month of sale 61% in month following sale 4% in
13. The BRS Corporation makes collections on sales according to the following schedule:
35% in month of sale
61% in month following sale
4% in second month following sale
The following sales have been budgeted:
|
| Sales |
|---|---|
| April | $120,000 |
| May | $130,000 |
| June | $110,000 |
Budgeted cash collections in June would be:
Multiple Choice
-
122600
-
121,300
-
120,480
-
120,000
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Audit Sampling An Introduction
Authors: Dan M. Guy, D. R. Carmichael, O. Ray Whittington
5th Edition
047137590X, 978-0471375906
