Dayton has forecast sales to be $214,000 in February, $279,000 in March, $298,000 in April, and $314,000 in May. The average cost of goods sold is 60% of sales. All sales are made on credit and sales are collected 50% in the month of sale, 30% the month following and the remainder two months after the sale. What are budgeted cash receipts in May?
Answers: 3
Business, 21.06.2019 16:30, makaylapink8167
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Answers: 2
Business, 22.06.2019 10:00, chancegodwin5
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Answers: 1
Business, 22.06.2019 10:30, highflylex279
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Answers: 1
Business, 22.06.2019 17:30, lanamiami
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Answers: 2
Dayton has forecast sales to be $214,000 in February, $279,000 in March, $298,000 in April, and $314...
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