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Sycamore Company , which expects to start operations on January 1, Year 1, will sell digital cameras in shopping malls. Sycamore has budgeted sales at
Sycamore Company, which expects to start operations on January 1, Year 1, will sell digital cameras in shopping malls. Sycamore has budgeted sales at $200,000 in January with $60,000 in cash and $140,000 on account. The company expects a 10% increase in sales per month for February and March. The ratio of cash sales to sales on account will remain stable from January through March.
What percentage of sales are expected to be collected in cash? Enter percentages as whole numbers followed immediately by the percent sign (ie., 100% or 1%)
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