The following credit sales are budgeted by Swifty Electronics: January $123500 February 119900 March 134400 April...
The following credit sales are budgeted by Swifty
Electronics:
| January | $123500 |
| February | 119900 |
| March | 134400 |
| April | 141000 |
| May | 141200 |
The company's past experience indicates that 45% of the accounts
receivable are collected in the month of sale, 35% in the month
following the sale, and 19% in the second month following the sale.
1 percent are uncollectible. How much does the company anticipate
as cash receipts for March?
|
$133056 |
|
$125910 |
|
$136658 |
|
$123076 |
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The following credit sales are budgeted by Swifty
Electronics:
January
$123500
February
119900
March
134400
April...
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