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Whispering Winds Development, Inc. has budgeted sales revenues as follows: January February March April May June Budgeted Sales Revenues $52,000 67,000 99,000 78,000 65,000 37,000
Whispering Winds Development, Inc. has budgeted sales revenues as follows: January February March April May June Budgeted Sales Revenues $52,000 67,000 99,000 78,000 65,000 37,000 Past experience has indicated that 90% of sales each month are on credit and that collection of credit sales occurs as follows: 60% in the month of sale, 30% in the month following the sale, and 5% in the second month following the sale. The other 5% is uncollectible. Prepare a schedule which shows expected cash receipts from sales for the months of April, May, and June. (Do not leave any answer field blank. Enter O for amounts.) Whispering Winds Development, Inc has budgeted sales revenues as follows: Past experience has indicated that 90% of sales each month are on credit and that collection of credit sales occurs as follows: 60% in the month of sale, 30% in the month following the sale, and 5% in the second month following the sale. The other 5% is uncollectible. Prepare a schedule which shows expected cash receipts from sales for the months of Apri, May, and June. (Do not leave ony answer field blank Enter Ofor omounts)
Whispering Winds Development, Inc. has budgeted sales revenues as follows: January February March April May June Budgeted Sales Revenues $52,000 67,000 99,000 78,000 65,000 37,000 Past experience has indicated that 90% of sales each month are on credit and that collection of credit sales occurs as follows: 60% in the month of sale, 30% in the month following the sale, and 5% in the second month following the sale. The other 5% is uncollectible. Prepare a schedule which shows expected cash receipts from sales for the months of April, May, and June. (Do not leave any answer field blank. Enter O for amounts.)
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