Question
Ginobili has forecast sales to be $109,600 in February, $158,100 in March, $163,500 in April, and $176,600 in May. 60% of sales are on made
Ginobili has forecast sales to be $109,600 in February, $158,100 in March, $163,500 in April, and $176,600 in May. 60% of sales are on made on credit, the rest are for cash. The sales on credit are collected 30% in the month of sale, and 70% the month following.
What are the total budgeted cash receipts in March?
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Financial Accounting A Business Perspective
Authors: Jefferson Williams, Roger Hermanson, James Don Edwards
10th Edition
1930789793, 978-1930789791
