Question
The BRS Corporation makes collections on sales according to the following schedule: 45% in month of sale 48% in month following sale 7% in second
The BRS Corporation makes collections on sales according to the following schedule:
| 45% in month of sale |
| 48% in month following sale |
| 7% in second month following sale |
The following sales have been budgeted:
| Sales | ||
| April | $ | 120,000 |
| May | $ | 100,000 |
| June | $ | 140,000 |
Budgeted cash collections in June would be:
Multiple Choice
-
$119,400
-
$140,000
-
$140,840
-
$111,000
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Quicken 2015 For Dummies
Authors: Stephen L. Nelson
1st Edition
1118920139, 978-1118920138
