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Esko has forecast half a year's sales to be the following: December: $200, 000 January: $190, 000 February: $125,000 March: $135,000 April: $150, 000 May:
Esko has forecast half a year's sales to be the following: December: $200, 000 January: $190, 000 February: $125,000 March: $135,000 April: $150, 000 May: $140, 000 The average cost of goods sold is 70% of sales. All sales are on made on credit and sales are collected 60% in the month of the sale, 35% the month following, and 5% is bad debt/uncollectible, written off 90 days after the sale. What are budgeted cash receipts in March
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