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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 $103,473 May budgeted sales $153,671 June budgeted sales $220,866 July budgeted sales $177,047 The amount of cash that will be collected in July is budgeted to be:
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