Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Butterfly, LLC is a landscaping business and specializes in providing services to suburban homes. A large majority of their customers have set up accounts to

image text in transcribed

Butterfly, LLC is a landscaping business and specializes in providing services to suburban homes. A large majority of their customers have set up accounts to where they will pay their bill for services in the month following when the service is rendered while other customers will pay as the work is completed. Butterfly estimates that it will collect 30% of its sales in the month it occurs, 62% of its sale in the following month, and the remaining 8% in the second month following the sale. Their sales have been as follows: June, $4,000; July, $7,600; August, $9,000; and September, $8,200. What will the total cash collected during September be? Round to nearest whole dollar; input number with no decimals or dollar signs

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

What is cultural tourism and why is it growing?

Answered: 1 week ago