Question
Murphy's sales in units were 120,000 in January, 130,000 in February. Expected sales in units for March are 135,000 and a 2% increase for April.
Murphy's sales in units were 120,000 in January, 130,000 in February. Expected sales in units for March are 135,000 and a 2% increase for April. The selling price is $15. The collection policy for Murphy is 40% of sales are cash, 35% are collected in 1 month and the remaining in 2 months,
How much will be the budgeted sales receipts in April?
PRESENT YOUR ANSWER ROUNDED TO ZERO DECIMAL PLACES.
DON'T USE COMMA SEPARATORS
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Principles Of Corporate Finance Law
Authors: Eilis Ferran, Look Chan Ho
2nd Edition
0199671354, 978-0199671359
