Question
The collection pattern is 61% in the month of sale and the remainder following month. The sale budget for september, october, and november is given
The collection pattern is 61% in the month of sale and the remainder following month. The sale budget for september, october, and november is given below.
September $119,908
October $123, 293
November $139, 811
How much is the firm budgeted to collect in October?
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Petroleum Accounting: Principles, Procedures; And Issues
Authors: Dennis Jennings, John Brady, Rich Shappard, Craig Friou
8th Edition
0940966328, 978-0940966321
