Question
Singal Inc. is preparing its cash budget. It expects to have sales of $30,000 in January, $35,000 in February, and $22,500 in March. If 20%
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Singal Inc. is preparing its cash budget. It expects to have sales of $30,000 in January, $35,000 in February, and $22,500 in March. If 20% of sales are for cash, 40% are credit sales paid in the month after the sale, and another 40% are credit sales paid 2 months after the sale, what are the expected cash receipts for March.
$31,415
$33,855
$30,500
$26,850
Singal Inc. is preparing its cash budget. It expects to have sales of $30,000 in January, $35,000 in February, and $22,500 in March. If 20% of sales are for cash, 40% are credit sales paid in the month after the sale, and another 40% are credit sales paid 2 months after the sale, what are the expected cash receipts for March.
| $31,415 | ||
| $33,855 | ||
| $30,500 | ||
| $26,850 |
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Short Term Financial Management
Authors: John Zietlow, Matthew Hill, Terry Maness
5th Edition
1516512405, 9781516512409
