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3. You are the marketing manager of Tizer Pharma Co. Expected sales revenues for the first six months of next year are as follows: There
3. You are the marketing manager of Tizer Pharma Co. Expected sales revenues for the first six months of next year are as follows: There was $400 million of accounts receivable on January 1 . dgeting The normal pattern for collection of sales revenue is as follows: - 25% of sales are cash sales and are received in the month of sale. - 75% of sales are on one month's credit, and all credit customers pay within their credit terms. Required Prepare a schedule of cash received from sales for the first half of the year
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