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Business, 02.07.2019 06:10 ketricduggerp2ciuc

The lagrange corporation had the following budgeted sales for the first half of the current year: cash sales credit sales january $ 60,000 $ 160,000 february $ 65,000 $ 180,000 march $ 33,000 $ 140,000 april $ 28,000 $ 113,000 may $ 38,000 $ 210,000 june $ 90,000 $ 70,000 the company is in the process of preparing a cash budget and must determine the expected cash collections by month. to this end, the following information has been assembled: collections on sales: 45% in month of sale 30% in month following sale 25% in second month following sale

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