Question
Hardwood Floors has planned the following sales for the next three months: August September October November Sales $140,000 $100,000 $175,000 $160,000 From experience, Hardwood Floors
Hardwood Floors has planned the following sales for the next three months:
August | September | October | November | |
Sales | $140,000 | $100,000 | $175,000 | $160,000 |
From experience, Hardwood Floors has learned a month's sales are collected according to the following pattern:
Cash sales | 40% |
Sales on account collected in month of sale | 20% |
Sales on account collected one month after sale | 50% |
Sales on account collected two months after sale | 30% |
Make a cash collections budget for October
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Modern Advanced Accounting In Canada
Authors: Hilton Murray, Herauf Darrell
9th Edition
1259654699, 978-1259654695
