Question
The Khaki Corporation has the following budgeted sales data: January February March April Cash Sales $70,000 $90,000 $80,000 $70,000 Credit Sales $400,000 $350,000 $300,000 $320,000
The Khaki Corporation has the following budgeted sales data:
| January | February | March | April | |
| Cash Sales | $70,000 | $90,000 | $80,000 | $70,000 |
| Credit Sales | $400,000 | $350,000 | $300,000 | $320,000 |
The regular pattern of collection of credit sales is 40% in the month of sale, 50% in the month following sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted cash receipts for April would be:
$350,000
$320,000
$313,000
$383,000
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The Concept And Objectives Of Quality Auditing ISO 9001Total Quality Management
Authors: Mahmoud Fadhel Idan
1st Edition
6202795158, 978-6202795159
