Question
Lemon Inc. had the following sales budgeted: October $230,000 November $370,000 December $310,000 January $190,000 Lemon's collection pattern is 30% in month of the sale,
Lemon Inc. had the following sales budgeted:
October $230,000
November $370,000
December $310,000
January $190,000
Lemon's collection pattern is 30% in month of the sale, 50% in month following the sale and 20% in second month following the sale.
What is Lemon's budgeted cash collections for January?
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
