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Looking for: Percentage of sales collected in the quarter of the sale Percentage of sales collected in the quarter after the sale Milo-Freeze Company Cash
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| Percentage of sales collected in the quarter of the sale | |
| Percentage of sales collected in the quarter after the sale |
| Milo-Freeze Company | |||||
| Cash Collections Budget | |||||
| For the Year | |||||
| Percentage of sales collected in the quarter of the sale | 0% | ||||
| Percentage of sales collected in the quarter after the sale | 0% | ||||
| Year 2 | |||||
| Q1 | Q2 | Q3 | Q4 | Year 2 Total | |
| Accounts receivable, beginning balance | $ 65,000 | $ 65,000 | |||
| First quarter sales | 300,000 | $ 100,000 | 400,000 | ||
| Second quarter sales | 450,000 | $ 150,000 | 600,000 | ||
| Third quarter sales | 750,000 | $ 250,000 | 1,000,000 | ||
| Fourth quarter sales | 375,000 | 375,000 | |||
| Total cash collections | $ 365,000 | $ 550,000 | $ 900,000 | $ 625,000 | $ 2,440,000 |
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Effective Writing A For Accountants
Authors: Claire B. May, Gordon S. May
9th Edition
0132567245, 9780132567244
