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Vassell Corp.'s sales budget shows the following amounts for the first six months of the year: January $1,410,000 February $1,208,000 March $1,498,000 April $1,314,000 May
Vassell Corp.'s sales budget shows the following amounts for the first six months of the year: January $1,410,000 February $1,208,000 March $1,498,000 April $1,314,000 May $1,308,000 June $1,448,000 Historically, Vassell has collected 22% of all sales in the month of the sale and 73% in the month following the sale. The remainder are never collected (i.e. bad debts). In March, what will Vassell's cash budget show as "Cash collected from customers
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