The LePann Company has started a new business and obtained the following sales forecast data : July
Fantastic news! We've Found the answer you've been seeking!
Question:
The LePann Company has started a new business and obtained the following sales forecast data :
July August September October
Cash Sales.................................. $ 80,000 $ 70,000 $ 50,000 $ 60,000
Credit Sales ............................. $ 240,000 $220,000 $180,000 $200,000
The regular pattern of the collection of credit sales is 20% in the month of sale, 70% in the month following the month of sale and the reminder in the second month following the month of sale. There are no bad debts.
an expected cash collection budget for the month of July, August, September and for the quarter
Posted Date: