Business, 27.11.2019 23:31 jhanes1983

Dove corporation began its operations on september 1 of the current year. budgeted sales for the first three months of business are $250,000, $320,000, and $410,000, respectively, for september, october, and november. the company expects to sell 25% of its merchandise for cash. of sales on account, 70% are expected to be collected in the month of the sale, 30% in the month following the sale.

the cash collections in october are:

$320,000

$248,000

$304,250

$382,500

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Dove corporation began its operations on september 1 of the current year. budgeted sales for the fir...