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A company is formulating its plans for the coming year, including the preparation of its cash budget. Historically, the company's sales are 30% cash. The
A company is formulating its plans for the coming year, including the preparation of its cash budget. Historically, the company's sales are 30% cash. The remaining sales are on credit with the following collection pattern: Collections on account In the month of sale In the month following the sale Uncollectible Percentage 405 2 Sales for the first 5 months of the coming year are forecast as follows: January Tebruary Mareh Npril May $3,660.000 3,960,000 3,760,000 4.160.000 4,360,000 For the month of April, the total cash receipts from sales and collections on accounts would be:CA adapted For the month of April, the total cash receipts from sales and collections on accounts would be: (CIA adapted) Multiple Choice 63.895.576. $3,939360 0 $4993300 $4.502.000
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