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Citrix Corporation has the following budgeted sales for the first and second quarters of the next year ( see the first table below regarding cash
Citrix Corporation has the following budgeted sales for the first and second quarters of the next year see the first table below regarding cash sales and credit sales for each month The company is in the process of preparing a cash budget and must determine the expected cash collections by month. Because the company historically has very few uncollectable accounts, all credit sales are expected to be fully collected by the end of the second month following the sale. Based on the historical information, the following information about the collection on credit sales see the second table below is availalbe. The total cash collection in April would be:
tableCash Sales,Credit SalesJanuary$$
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