Question
R Company sells a product for 35. Budgeted sales for the first quarter of 2010 are as follows: January 600,000, February 240,000, March 900,000.The company
| R Company sells a product for 35. Budgeted sales for the first quarter of 2010 are as follows: January 600,000, February 240,000, March 900,000.The company collects 70% in the month of sale and 25% in the following month. Five percent of all sale are uncollectible and are written off. Budgeted cash receipts for March are _____. |
| a) 600,000 |
| b) 690,000 |
| c) 900,000 |
| d) 360,000 |
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Ebook Principles Of Financial Accounting
Authors: John Wild, Ken Shaw, Barbara Chiappetta
2nd Edition
0077166183, 9780077166182
