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Tucker Inc. makes dog treats. The Sales budget is provided. All sales are on acount. Tucker Inc.'s collection pattern is 70% in month of sale
Tucker Inc. makes dog treats. The Sales budget is provided. All sales are on acount. Tucker Inc.'s collection pattern is 70% in month of sale 25% collected in month following sale 5% uncollectible The March 31 accounts receivable balance of 30,000 will be collected in full Budgeted Sales April May June Quarter Total Sales 22,000 55,000 86,000 163,000 What is the total cash collected for the quarter? 163,350 163,000 73,950 45,400
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