Question
The following credit and cash sales (respectively) are budgeted by Polex Electronics: Credit Cash January $124,000 February 120,000 March 135,000 April 140,000 May 142,000 The
The following credit and cash sales (respectively) are budgeted by Polex Electronics:
Credit Cash
January $124,000
February 120,000
March 135,000
April 140,000
May 142,000
The company's past experience indicates that 50% of the accounts receivable are collected in the month of sale, 30% in the month following the sale, and 18% in the second month following the sale. How much does the company anticipate as cash receipts for March?
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Operational Auditing An Introduction With Suggested Answers To Discussion Questions
Authors: Darwin J. Casler
1st Edition
0894130978, 978-0894130977
