Question
Warehouse Corporation collects 30% of a months sales in the month of sale, 65% in the month following sale, and 5% in the second month
Warehouse Corporation collects 30% of a months sales in the month of sale, 65% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are:
| April budgeted sales | $107681 |
| May budgeted sales | $155200 |
| June budgeted sales | $221447 |
| July budgeted sales | $170838 |
The amount of cash that will be collected in July is budgeted to be:
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Payroll Accounting 2018
Authors: Bernard J. Bieg, Judith Toland
28th edition
1337291056, 978-1337291057, 1337291137, 9781337291132, 9781337516686 , 978-1337291040
