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5 9-3 Idaho Boots prepared the following sales budget: Cash Sales Credit Sales Month March April May June $24,000 $33,000 $35,000 $60,000 $13,000 $19,000 $37.000
5 9-3 Idaho Boots prepared the following sales budget: Cash Sales Credit Sales Month March April May June $24,000 $33,000 $35,000 $60,000 $13,000 $19,000 $37.000 $48,000 Saly Amay cash sal may creat March (1024x Credit collections are 10% two months following the sale, 40% in the month follow 40% in the month of sale. The remaining 10% is expected to be uncollectible. What are the total cash collections in May at Idaho Boots
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