Lash Corporation has the following sales budget for the last half of 2000: (Assume all credit sales)
Fantastic news! We've Found the answer you've been seeking!
Question:
Lash Corporation has the following sales budget for the last half of 2000:
(Assume all credit sales)
July$100,000October$90,000
August80,000November100,000
September110,000December94,000
Historically, the cash collection of sales has been as follows:
65 percent of sales collected in month of sale,
25 percent of sales collected in month following sale, and
10 percent of sales collected in second month following sale.
1.) What are the expected cash collections in September?
Posted Date: