subject
Business, 14.04.2020 16:06 dommalb

Minot Corporation is preparing its cash budget for August. The following information is available concerning its accounts receivable: Estimated credit sales for August$180,000 Actual credit sales for July$135,000 Estimated collections in August for credit sales in August 20% Estimated collections in August for credit sales in July 75% Estimated collections in August for credit sales prior to July$14,400 Estimated write-offs in August for uncollectible credit sales$7,200 Estimated provision for bad debts in August for credit sales in August$6,300 Required: What is the estimated amount of cash receipts from accounts receivable collections in August

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 16:30, bedsaul12345
Which of the following has the largest impact on opportunity cost
Answers: 2
image
Business, 22.06.2019 17:20, spycn5069
Arecession is defined as a period in which
Answers: 1
image
Business, 22.06.2019 17:30, tysisson9612
You should do all of the following before a job interview except
Answers: 2
image
Business, 22.06.2019 21:00, kalbaugh
An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.
Answers: 2
You know the right answer?
Minot Corporation is preparing its cash budget for August. The following information is available co...

Questions in other subjects: