Question 2. (cash receipts from sales) Budgeted sales revenue for the coming five months is as follows: Month Sales revenue August $195,000 September $165,000 October $135,000 November $100,000 December $120,000 You estimate that you will collect 45% of sales revenue in the month of sale, 40% in the following month, 5% two months after the sale, and the remaining 10% three months after the sale.
Compute budgeted cash inflows for November and December.
+4
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Question 2. (cash receipts from sales) Budgeted sales revenue for the coming five months is as follows: Month Sales revenue August $195,000 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » Question 2. (cash receipts from sales) Budgeted sales revenue for the coming five months is as follows: Month Sales revenue August $195,000 September $165,000 October $135,000 November $100,000 December $120,000 You estimate that you will collect