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carlson company has budgeted sales revenue for the next 6 months: January 90000, February 100000, march 80000,april 70000, may 110000, june 60000. past experience that
carlson company has budgeted sales revenue for the next 6 months: January 90000, February 100000, march 80000,april 70000, may 110000, june 60000. past experience that the collection of credit sales occurs as follows: 60% in the month of sale, 35% in the month following the sake and 3% in the second month following the sale, The other 2% is uncontrollable. How do i prepare a schedule showing expected cash receipts from sales for the month of may. And do the remaining 2% of accounts that are uncollectible represent a cash disbursement for the month
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