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We need to find under Estimated cash receipts Last month sale for January, February, and March. Current Month's sales for Januaury, February, and March. Total
We need to find under Estimated cash receipts
Last month sale for January, February, and March.
Current Month's sales for Januaury, February, and March.
Total for January, February, and March.
This is a 5301 Managerial Applications of Accounting course.
Cookie Business | ||||
The budgeted credit sales are as follows: | ||||
December last year | $ 250,000 | |||
January | $ 125,000 | |||
February | $ 300,000 | |||
March | $ 90,000 | |||
Collection: | ||||
Month of the sale | 80% | |||
Month following the sale | 20% | |||
Estimated cash receipts | ||||
January | February | March | ||
Last month's sales | ||||
Current month's sales | ||||
Total |
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