Question
COVID19Co has forecast sales to be $130.000.in February, $144.000 in March, $150.000 in April, and $146,000 in May. The average Cost of goods sold is
COVID19Co has forecast sales to be $130.000.in February, $144.000 in March, $150.000 in April, and $146,000 in May. The average Cost of goods sold is 80% of sales. All sales are on made onredit and sales are collected 65% in the month of sale, and 35% the month following. What are budgeted cash receipts in March?
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The Practitioners Guide To Edp Auditing
Authors: Jack Mullen
1st Edition
0136912621, 978-0136912620
