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Calculate the cash collection budget. All sales are on account. The Mash Up company's collection pattern is: 30% collected in the month of sale, 70
Calculate the cash collection budget. All sales are on account. The Mash Up company's collection pattern is: 30% collected in the month of sale, 70 % collected in the month following sale, In July, the June 30th accounts receivable balance of $ 15,000* will be collected in full. Sales for July were $100,000, in August $250,000 and $150,000 in September. Calculate cash collection budget. July August September Budgeted Sales $100,000 $ $ Ending Acct Receivable 70% Cash Sales receipts 30% Collection of Prior Month's receivables $ Total Cash Collected $
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