Question
Rosie's Roses presents the following sales budget. In her budgeting, Rosie estimates that 35% of her sales are cash sales. For the sales on
Rosie's Roses presents the following sales budget. In her budgeting, Rosie estimates that 35% of her sales are cash sales. For the sales on account, she estimates collection as 30% in the month of sale, 50% in the month after sale, and 20% in the second month after sales. Prepare a schedule that shows how much cash Rosie will receive for June, July and August: April Budgeted sales: Total 600.000 May 100,000 June 500,000 July August 250,000 400,000
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
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