question archive The WRT Corporation makes collections on sales according to the following schedule: 25% in month of sale, 65% in month following sale, 5% in second month following sale and 5% uncollectible The following sales have been budgeted: sales april $120,000 may 100,000 june 110,000 Budgeted cash collections in June would be: A
The WRT Corporation makes collections on sales according to the following schedule: 25% in month of sale, 65% in month following sale, 5% in second month following sale and 5% uncollectible The following sales have been budgeted: sales april $120,000 may 100,000 june 110,000 Budgeted cash collections in June would be: A
Subject:AccountingPrice: Bought3
The WRT Corporation makes collections on sales according to the following schedule:
25% in month of sale, 65% in month following sale, 5% in second month following sale and
5% uncollectible
The following sales have been budgeted:
sales
april $120,000
may 100,000
june 110,000
Budgeted cash collections in June would be:
|
A. |
$27,500 |
|
B. |
$98,500 |
|
C. |
$71,000 |
|
D. |
$115,500 |
