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Sales in December were $960,000. Projected Sales for first quarter of 2018 are: January - $1,080,000 February - $1,300,000 March - $1,280,000 Sales are 20%
Sales in December were $960,000. Projected Sales for first quarter of 2018 are:
January - $1,080,000
February - $1,300,000
March - $1,280,000
Sales are 20% cash and 80% credit. Debtors pay in the month following the sale.
Calculate total cash collected from sales for March
Calculate the cash collected from accounts receivable in the month of February
what will be the balance of accounts receivable on 1 March
Calculate total cash sales for the three months, Jan, Feb and March
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