Question
The Artis Company has obtained the following sales forecast data: July August September October Cash Sales $80,000 $70,000 $50,000 $60,000 Credit Sales 240,000 220,000 170,000
The Artis Company has obtained the following sales forecast data:
| July | August | September | October | |
| Cash Sales | $80,000 | $70,000 | $50,000 | $60,000 |
| Credit Sales | 240,000 | 220,000 | 170,000 | 200,000 |
The regular pattern of collection of credit sales is 20% in the month of sale, 70% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts. What are the budgeted cash receipts for October?
| $188,000. | ||
| $226,000. | ||
| $248,000. | ||
| $241,000. |
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New Horizons In The Field Of Management Audit As A Tool For Improving The Overall Management Of Enterprises A Guideline For Good Governance
Authors: Mohammed Sakhawat Hossain
1st Edition
3639194454, 978-3639194456
