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Blue Spruce Co.s projected sales are as follows: August $340,000 September $470,000 October $575,000 Blue Spruce estimates that it will collect 30% in the month
Blue Spruce Co.s projected sales are as follows:
August | $340,000 | ||
September | $470,000 | ||
October | $575,000 |
Blue Spruce estimates that it will collect 30% in the month of sale, 50% in the month after the sale, and 18% in the second month following the sale. Two percent of all sales are estimated to be bad debts. What are Blue Spruce Co.'s budgeted cash receipts for October?
Budgeted Cash Receipts | $enter the budgeted cash receipts for October in dollars |
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