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for the entire wording read picture 1 and it goes into picture 2. Ridenour ttd is preparing its first quarter monthly cash budget for Vear
for the entire wording read picture 1 and it goes into picture 2.
Ridenour ttd is preparing its first quarter monthly cash budget for Vear 4 The following intormation is available about actual Year 3 saies and exsected Year 4 sales: Tracing collections from prioryear monthly sales and discussions with the credit maraber helped develop a protile of collection behavior patterns. of a gien monthis sales 40 percent is fypically collected in the month of saie. Blecause the cormpany terms are 1 percent (end of month) net 30 , all collections withen the month following the sale. The remaikits 30 percent is collected in the second month following the month of the sale Bad debts age negligible and should be ignored. a. Prepare a schedule of cash collections for Alidenour Ltd for Janvary. February and March of vear 4 . D. Calculate the Accounts Receivable bolance at March 31, Year A: 1 with the ciedit mynagee betped develog s profic of colection behwior patterns. econd month following the month of the sate. Bad sebts are negligble and thould be linneced. nuary. February and Mirh of year it Ridenour ttd is preparing its first quarter monthly cash budget for Vear 4 The following intormation is available about actual Year 3 saies and exsected Year 4 sales: Tracing collections from prioryear monthly sales and discussions with the credit maraber helped develop a protile of collection behavior patterns. of a gien monthis sales 40 percent is fypically collected in the month of saie. Blecause the cormpany terms are 1 percent (end of month) net 30 , all collections withen the month following the sale. The remaikits 30 percent is collected in the second month following the month of the sale Bad debts age negligible and should be ignored. a. Prepare a schedule of cash collections for Alidenour Ltd for Janvary. February and March of vear 4 . D. Calculate the Accounts Receivable bolance at March 31, Year A: 1 with the ciedit mynagee betped develog s profic of colection behwior patterns. econd month following the month of the sate. Bad sebts are negligble and thould be linneced. nuary. February and Mirh of year it Step by Step Solution
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