Question
Chocolate Company reports the following information from its sales budget: Expected sales: July $ 85,000 August 105,000 September 115,000 Cash sales are normally 25% of
Chocolate Company reports the following information from its sales budget: Expected sales:
| July | $ 85,000 |
|---|---|
| August | 105,000 |
| September | 115,000 |
Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is:
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The Operational Auditing Handbook Auditing Business And IT Processes
Authors: Andrew Chambers, Graham Rand
2nd Edition
0470744766, 978-0470744765
