Question
TB MC Qu. 8-33 The BRS Corporation makes ... The BRS Corporation makes collections on sales according to the following schedule: 30% in month of
TB MC Qu. 8-33 The BRS Corporation makes ...
The BRS Corporation makes collections on sales according to the following schedule:
| 30% in month of sale |
| 66% in month following sale |
| 4% in second month following sale |
The following sales have been budgeted:
| Sales | ||
| April | $ | 130,000 |
| May | $ | 150,000 |
| June | $ | 140,000 |
Budgeted cash collections in June would be:
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Guide To Financial Audit In Life And Health Insurance
Authors: Naser-Eddine Nebbache
1st Edition
6205873397, 978-6205873397
