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The WRT Corporation makes collections on sales according to the following schedule: 35% in month of sale 55% in month following sale 5% in second
The WRT Corporation makes collections on sales according to the following schedule: 35% in month of sale
55% in month following sale
5% in second month following sale
5% uncollectible
The following sales have been budgeted:
Sales | |||
April | $ | 173,000 | |
May | $ | 136,000 | |
June | $ | 119,000 | |
|
Budgeted cash collections in June would be:
$41,650
$125,100
$83,450
$142,100
RT Corporation makes collections on sales according to the following schedule nmonth following sale second month following sale collectible $ : 136,000 S 119000 in June woulo be O $41650 O $125.100 O $83 450 O $142100
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