Ask Question
7 February, 18:52

Based on the company's collection history, 2% of credit sales are uncollectible, 40% are collected in month of sale and the remainder is collected in the following month. Total budgeted cash receipts in February 2014 are expected to be:

+5
Answers (1)
  1. 7 February, 22:51
    0
    Therefore, option C is correct

    Step-by-step explanation:

    Budgeted cash receipts for February = 60000 + 303800*0.40 + 274400*.60

    = 60000 + 121520 + 164640

    = 346160
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Based on the company's collection history, 2% of credit sales are uncollectible, 40% are collected in month of sale and the remainder is ...” in 📘 Mathematics 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.
Search for Other Answers