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This question has two parts: 1. Calculate the total expected cash collections for the month of April . 2. Calculate Betty's budgeted accounts receivable at
This question has two parts:
1. Calculate the total expected cash collections for the month of April.
2. Calculate Betty's budgeted accounts receivable at May 31.
I got $114,000 for 1 and $160,900 for 2.
Shown below are budgeted sales for Betty DeRose, Inc. Budgeted Sales in Units January February March April Nay 6,900 units 4,200 unit:s 5,500 units 7,300 units 6,100 units All sales are made on account. The selling price is $20 per unit. The sales are collected in the pattern 25% in the month of sale, 35% in the month after sale, 30% in the second month following sale, and the final 10% is collected in the third month following saleStep by Step Solution
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