Question
Feeney Furniture prepared the following sales? budget: Month Cash Sales Credit Sales March ?$22,000 ?$13,000 April ?$40,000 ?$20,000 May ?$38,000 ?$40,000 June ?$59,000 ?$52,000 Credit
Feeney Furniture prepared the following sales? budget:
| Month | Cash Sales | Credit Sales |
| March | ?$22,000 | ?$13,000 |
| April | ?$40,000 | ?$20,000 |
| May | ?$38,000 | ?$40,000 |
| June | ?$59,000 | ?$52,000 |
Credit collections are? 5% two months following the? sale, 30% in the month following the? sale, and? 62% in the month of sale. The remaining? 3% is expected to be uncollectible.
What is the total cash received in April from the April sales at Feeney? Furniture?
A.
?$52,400
B.
?$27,600
C.
?$12,400
D.
?$60,000
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The Corporate Ethics Audit As A New Tool For Management By Values Case Betapharm Arzneimittel GmbH Augsburg
Authors: Teresa Beste
1st Edition
3639000234, 978-3639000238
