Use the following information to complete Problems below:
Woodstuff Co. manufactures wooden Tables, Chairs, and Bookshelves. Management is preparing the budgets for June, and has accumulated the following information:

-Woodstuff generally collects 75% of their Accounts Receivable in the period of sale, and the remainder in the period following. The beginning Cash balance for June is $800,000. The beginning balance in A/R for June is $500,000.
What is the budgeted Cash balance for the end of June?

Question

Use the following information to complete Problems below:
Woodstuff Co. manufactures wooden Tables, Chairs, and Bookshelves. Management is preparing the budgets for June, and has accumulated the following information:
  
-Woodstuff generally collects 75% of their Accounts Receivable in the period of sale, and the remainder in the period following. The beginning Cash balance for June is $800,000. The beginning balance in A/R for June is $500,000. 
What is the budgeted Cash balance for the end of June?

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The Answer of Use the following information to complete Problems below:
Woodstuff Co. manufactures wooden Tables, Chairs, and Bookshelves. Management is preparing the budgets for June, and has accumulated the following information:
  
-Woodstuff generally collects 75% of their Accounts Receivable in the period of sale, and the remainder in the period following. The beginning Cash balance for June is $800,000. The beginning balance in A/R for June is $500,000. 
What is the budgeted Cash balance for the end of June?

Use the Following Information to Complete Problems Below