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need help please Budgeted Cash Collections, Budgeted Cash Payments Historicaly, Ropman Compary has had no significant bad debt experience with its customers, Cash wales hove
need help please
Budgeted Cash Collections, Budgeted Cash Payments Historicaly, Ropman Compary has had no significant bad debt experience with its customers, Cash wales hove accounted for 20 percent of total sales, and Dayments for credit sales have been recelved as follows: 40 percent of creds ciles th the monti of the sale 35 percent of credit sales in the first subsequent inonth 20 percent of credit saies in the second museciuent month 5 percent of credit sales in the third subsequent month. The forecest for both cash and condit sales is as follows. Required: 1. What is the forecasted cosh inflow for Ragman Company for May? x 2. Due to deterioriting economic conditions, Rigman Company has now decided that its cash forecast should inciube a bad debt adjustment of 2 percent of credit iales, beginning with sales for the month of April. Because of this policy change, what will happen to the total expocted cash inflow reiated to sales made in April) (CMA adipted) Cash witt by t x Step by Step Solution
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