Question
how do I calculate cash collections for given month when estimated collections are given? 25% collected in current month 65% collected in month following sales
how do I calculate cash collections for given month when estimated collections are given?
25% collected in current month
65% collected in month following sales
5% in second month following sales
5% uncollectible
The following sales have been budgeted April $120,000 May $100,000 June $110,000
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve
9th Edition
0324381921, 978-0324381924
