Your Co. collects 50% of its sales in the month of the sales, 30% of the follow month, and 20% the second month after the sale.

Calculate budgeted cash receipts for March and April.

January=50

February=40

March=60

April=30

May=70

June=50

Question

Mathematics

Arturo Cabrera

18 December, 22:31

Your Co. collects 50% of its sales in the month of the sales, 30% of the follow month, and 20% the second month after the sale.

Calculate budgeted cash receipts for March and April.

January=50

February=40

March=60

April=30

May=70

June=50

+2

Answers (2)

Know the Answer?

Maddison Irwin · Answer 1

Maddison Irwin 18 December, 23:00

0

Answer:Am nevoie de Puncte

Catalina Pittman · Answer 2

March 52 April 41

Step-by-step explanation:

In March, Your Co. will collect 20% of January's sales, 30% of February's sales, and 50% of March's sales:

.20*50 +.30*40 +.50*60 = 10 + 12 + 30 = 52

Similarly, in April, collections will be ...

.20*40 +.30*60 +.50*30 = 8 + 18 + 15 = 41

Your Co. collects 50% of its sales in the month of the sales, 30% of the follow month, and 20% the second month after the sale.Calculate budgeted cash receipts for March and April.January=50February=40March=60April=30May=70June=50

Your Co. collects 50% of its sales in the month of the sales, 30% of the follow month, and 20% the second month after the sale.

Calculate budgeted cash receipts for March and April.

January=50

February=40

March=60

April=30

May=70

June=50