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The following is the sales budget for Tesoro Azul, Inc,: January: 143,000; February: 160,000; March: 175,000. Credit sales are collected as follows:60 percent: month of
The following is the sales budget for Tesoro Azul, Inc,: January: 143,000; February: 160,000; March: 175,000. Credit sales are collected as follows:60 percent: month of sale, #0 percent: month after sale, 10 percent :2nd month after sale. The accounts receiveable collection at the end of the previous quarter was $100,000( 82,000 of which was December.) Compute the sales for November. Compute the sales for December. Compute the cash collections for January, February, March
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