Question
Ginobili has forecast sales to be $145,700 in February, $150,700 in March, $165,400 in April, and $176,300 in May. 63% of sales are on made
Ginobili has forecast sales to be $145,700 in February, $150,700 in March, $165,400 in April, and $176,300 in May. 63% of sales are on made on credit, the rest are for cash. The sales on credit are collected 60% in the month of sale, and 40% the month following.
What are the total budgeted cash receipts in March?
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Cost Accounting
Authors: Edward B. Deakin, Michael Maher
3rd Edition
0256069190, 978-0256069198
