Blackberry Manufacturing budgeted sales on account of $120,000 for July, $211,000 for August, and $198,000 for...
Blackberry Manufacturing budgeted sales on account of $120,000 for July, $211,000 for August, and $198,000 for September. Experience indicates that none of the sales on account will be collected in the month of the sale, 60% will be collected the month after the sale, 36% in the second month, and 4% will be uncollectible. The cash receipts from accounts receivable that should be budgeted for September would be: Select one: a. $265,200 b. $251,600 c. $272,000 d. $374,000
Homework Answers
| July sales($120,000 x 36%) | $43,200 |
| Aug. Sales($211,000 x 60%) | $126,600 |
| Cash receipts from accounts receivable that should be budgeted for September | $169,800 |
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Blackberry Manufacturing budgeted sales on account of $120,000
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