Homework Answers
Answer : D) $ 113,963
Budgeted cash receipts from the customer for March :
- Accounts Receiables = $36,000
- Cash colletion On sales of March = 135000*65%*35% = $30,712.5
- Cash sales on MArch = 135,000*35%=$ 47,250
total Cash receipts = 36,000+30713+47250 = $113,963 (Answer)
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