Homework Answers
Calculation of cash collected in July:
35% of July Sales = 180,000*35% = $63,000
55% of June Sales = 230,000*55% = $126,500
10% of May Sales = 150,000*10% = 15,000
Cash Collected in July = $204,500
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the next four months are: Cash collections in April are budgeted to
be:
A) $313,000
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D) $320,000
Budgeted sales January $200,000 February $300,000 March $350,000 April $250,000
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