Business, 23.04.2020 23:49 ashiteru123
Parlee Company's sales are 30% in cash and 70% on credit. Sixty % of the credit sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder are uncollectible. The following are budgeted sales data:
Total salesJanuary $60,000...February $70,000...March $50,000April $30,000
Total cash receipts in April would be budgeted to be:
a. $38,900
b. $47,900
c. $27,230
d. $36,230
Answers: 2
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Parlee Company's sales are 30% in cash and 70% on credit. Sixty % of the credit sales are collected...
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