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Complete the two following tables for Fresh Flowers Ltd to show estimated cash collections from debtors (accounts receivable) on the following assumptions: i.70 per cent
Complete the two following tables for Fresh Flowers Ltd to show estimated cash collections from debtors (accounts receivable) on the following assumptions:
i.70 per cent is collected in the month of the sale.
ii.20 percent is collected in the month following the sale.
iii.7 per cent is collected in the second month following the sale
iv.3 per cent is never collected
Month | January | February | March | April | May |
Estimated sales | 5000000 | 5200000 | 5100000 | 5300000 | 5300000 |
Prepare the cash budget for the month March, April and May in a excel file and upload it.
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