Question
Manu has forecast sales to be $39,100 in February, $43,600 in March, $52,800 in April, and $58,700 in May. 20% of sales are on made
Manu has forecast sales to be $39,100 in February, $43,600 in March, $52,800 in April, and $58,700 in May. 20% of sales are on made on credit, the rest are for cash. The sales on credit are collected 30% in the month of sale, and 70% the month following.
What are the total budgeted cash receipts in April?
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Current Issues In Auditing
Authors: Michael J Sherer, W Stuart Turley
3rd Edition
1853963658, 978-1853963650
