Question
The BRS Corporation makes collections on sales according to the following schedule: 55% in month of sale 43% in month following sale 2% in second
The BRS Corporation makes collections on sales according to the following schedule:
| 55% in month of sale |
| 43% in month following sale |
| 2% in second month following sale |
The following sales have been budgeted:
| Sales | ||
| April | $ | 170,000 |
| May | $ | 180,000 |
| June | $ | 170,000 |
Budgeted cash collections in June would be:
Garrison 16e Rechecks 2017-09-30, 2018-07-24
Multiple Choice
-
$174,300
-
$170,000
-
$170,340
-
$170,900
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Financial Accounting
Authors: David Spiceland
6th Edition
1265889716, 978-1265889715
