Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

تمرين 42

Budgeting Cash Receipts
Sales on account for the first two months of the current year are budgeted as follows:

All sales are made on terms of 2/10, n/30 (2% discount if paid in 10 days, full amount by 30 days); collections on accounts receivable are typically made as follows:

Compute the estimated cash collections on accounts receivable for the month of February.