Question
Right Wing Company's sales for the next three months are as follows: February $130,000 March $170,000 April $200,000 Collection history for the company indicates that
Right Wing Company's sales for the next three months are as follows:
February $130,000 March $170,000 April $200,000
Collection history for the company indicates that 60% of sales are collected in the month of the sale, 36% is collected in the following month, and 4% of sales are uncollectible. How much are budgeted cash receipts for April?
$181,200
$186,400
$120,000
$222,000
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Global Accounting And Control A Managerial Emphasis
Authors: Sidney J. Gray, Stephen B. Salter, Lee H. Radebaugh
1st Edition
0471128082, 978-0471128083
