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 $102910
May budgeted sales $150062
June budgeted sales $225231
July budgeted sales $179509
The amount of cash that will be collected in July is budgeted to be:
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Bank Management Text And Cases
Authors: George H. Hempel, Alan B. Coleman, Donald G. Simonson
3rd Edition
0471621781, 978-0471621782
