Question
# 4 Sioux Corporation is estimating the following monthly sales for the first quarter of next year: January $310,000 February $210,000 March $280,000 Sales are
# 4 Sioux Corporation is estimating the following monthly sales for the first quarter of next year:
| January | $310,000 |
| February | $210,000 |
| March | $280,000 |
Sales are normally collected 30% in the month of sale and 70% in the month following the sale.
The budgeted accounts receivable balance at the end of March
multiple choice
-
280,000
-
$196,000
-
$84,000
-
$231,000
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Puzzling Auditing Puzzles
Authors: Janice P. Russell
1st Edition
0873894782, 978-0873894784
