Question
Swifty/Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each scrapbook sells for $50. Swifty/Neff collects cash at the time of sale from 39%
Swifty/Neff, Ltd. personalizes scrapbooks for customers, using their digital photographs. Each scrapbook sells for $50. Swifty/Neff collects cash at the time of sale from 39% of customers. Of the remaining sales, 63% are collected in the month of sale and 37% are collected in the month following the sale. The sales budget for the first six months of the year is as follows:
JanuaryFebruaryMarchAprilMayJuneBudgeted sales$129,000$117,800$118,200$112,900$118,300$126,300
Prepare Swifty/Neff's cash receipts budget for the second quarter.(Round answers to 0 decimal places, e.g. 5,275. Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.)
How I can find the March sales
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