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Marie's Muffins is a wholesaler that sells baked goods to local restaurants, bakeries, and coffee shops. All their sales are on account and the estimate
Marie's Muffins is a wholesaler that sells baked goods to local restaurants, bakeries, and coffee shops. All their sales are on account and the estimate that following sales figures for the next 3 months:
April | $6,200 |
May | $7,000 |
June | $6,800 |
Marie's Muffins has the following collection pattern for their sales: 70% in month of sales, 20% in month after sales 5% in second month after sale, 5% uncollectable. What are Marie's budgeted cash receipts for June?
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