The ABC Corporation makes collections on sales according to the following schedule:
50% in month of sale
47% in month following sale
3% in second month following sale
The following sales have been budgeted:
Sales
April $ 200,000
May $ 170,000
June $ 160,000
Budgeted cash collections in June would be:
+2
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Home » Business » The ABC Corporation makes collections on sales according to the following schedule: 50% in month of sale 47% in month following sale 3% in second month following sale The following sales have been budgeted: Sales April $ 200,000 May $ 170,000 June $