Question
COCO Company budgeted sales on account of $120,000 for July, $211,000 for August, and $198,000 for September. Collection experience indicates that 60% of the budgeted
COCO Company budgeted sales on account of $120,000 for July, $211,000 for August, and $198,000 for September. Collection experience indicates that 60% of the budgeted sales will be collected the month after the sale, 36% the second month, and 4% will be uncollectible.
Requirements: Calculate the cash from accounts receivable that should be budgeted for September
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Management Accounting Change Approaches And Perspectives
Authors: Chandana Alawattage, Danture Wickramasinghe
1st Edition
0415393329, 978-0415393324
