Question
Assume company A has the following budgeted sales for the quarter: January February March COD sales $10,000 $20,000 $15,000 Credit sales $100,000 $110,000 $120,000 Total
- Assume company A has the following budgeted sales for the quarter:
| January | February | March | |
| COD sales | $10,000 | $20,000 | $15,000 |
| Credit sales | $100,000 | $110,000 | $120,000 |
| Total Sales | $110,000 | $130,000 | $135,000 |
Determine company A for March cash collections assuming credit sales are collected as follows: 90% is collected the month after sale, 8% is collected two months after the month of sale, and 2% is never collected.
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Sarbanes Oxley Internal Controls Effective Auditing With AS5 CobiT And ITIL
Authors: Robert R. Moeller
1st Edition
0470170921, 978-0470170922
