June Corporation has the following sales forecasts for the first three months of the current year: 75 percent of sales are collected in the month of the sale and the remainder is collected in the following month.
What is the cash balance at the end of January,assuming that cash is received only from customers and that $48,000 is paid out during January?

Question

June Corporation has the following sales forecasts for the first three months of the current year:  75 percent of sales are collected in the month of the sale and the remainder is collected in the following month.
 What is the cash balance at the end of January,assuming that cash is received only from customers and that $48,000 is paid out during January?

Quizplus · Accepted Answer

The Answer of June Corporation has the following sales forecasts for the first three months of the current year:  75 percent of sales are collected in the month of the sale and the remainder is collected in the following month.
 What is the cash balance at the end of January,assuming that cash is received only from customers and that $48,000 is paid out during January?

June Corporation Has the Following Sales Forecasts for the First