Question
Seventy percent of Parlee Corporation's sales are collected in the month of sale, 25% in the month following sale, and 5% in the second month
Seventy percent of Parlee Corporation's sales are collected in the month of sale, 25% in the month following sale, and 5% in the second month following sale.
The following are budgeted sales data for the company:
Jan $600,000 Feb $700,000 March $500,000 April $300,000 Total budgeted cash collections in April would be:
| $35,000 | ||
| $125,000 | ||
| $210,000 | ||
| $370,000 |
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Food Hygiene Auditing
Authors: N. Chesworth
1997th Edition
1461380545, 978-1461380542
