Question
Pauly Company's sales are collected 30% in the month of the sale, 40% in the month following sale, and 30% in the second month following
Pauly Company's sales are collected 30% in the month of the sale, 40% in the month following sale, and 30% in the second month following sale. The following are budgeted sales data:
|
| January | February | March | April |
| Total Sales | $62,000 | $72,000 | $52,000 | $32,000 |
What are budgeted cash collections in March?
a. $15,600
b. $66,000
c. $52,000
d. $63,000
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Handbook Of Energy Audits
Authors: Albert Thumann, Terry Niehus, William J. Younger
7th Edition
1420067915, 978-1420067910
