Question
Crowe Company expects the following total sales: Month Sales March 30,000 April 20,000 May 30,000 June 25,000 The company expects 70% of its sales to
Crowe Company expects the following total sales: Month Sales March 30,000 April 20,000 May 30,000 June 25,000 The company expects 70% of its sales to be credit sales. Credit sales are collected as follows: 25% in the month of sale, 65% in the month following the sale with the remainder being uncollectible. The budgeted accounts receivable balance on May 30th is
| a. | $14,350 | |
| b. | $13,650 | |
| c. | $20,550 | |
| d. | $22,500 |
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The Corporate Culture Audit
Authors: Nigel Bristow, Sarah J. Sandberg
1st Edition
095597075X, 978-0955970757
