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PLEASE SHOW WORK, I DONT UNDERSTAND HOW YOU GET THE CORRECT ANSWERS IN THE SECOND BOX. THANKS 16. Camper Company projects the following sales: EEB
PLEASE SHOW WORK, I DONT UNDERSTAND HOW YOU GET THE CORRECT ANSWERS IN THE SECOND BOX. THANKS
16. Camper Company projects the following sales: EEB (Click on the icon to view the projected sales.) Camper collects sales on account in the month after the sale. The Accounts Receivable balance on January 1 is $12,300, which represents Decembers sales on account. Camper projects the following cash receipts from customers: EEB (Click on the icon to view the cash receipts from customers.) Recalculate cash receipts from customers if total sales remain the same but cash sales are only 30% of the total Begin by computing the cash sales and sales on account for each month if cash sales are only 30% of the total January February March 6,600 15,400 22,000 S 12,000 S 10,800 S Cash sales (30%) Sales on account (70%) Total sales Now, recalculate cash receipts from customers for each month if cash sales are only 30% of the total 28,000 25,200 $ 40,000 36,000 $ anuaryFebruary Marh $12,000 S 10,800 S Cash receipts from cash sales Cash receipts from sales on account Total cash receipts from customers $6,600 25,200 24,300 S 38,80031,800 12,300 28,000
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