Fredder Company usually sells about 20 percent of its merchandise during a month for cash with the remaining sales on account.The company's accounts receivable payment history is as follows: 30 percent in the month of sale,50 percent in the month following,and 15 percent in the second month following sale.Total budgeted sales for the second quarter are as follows:
Assume all questions relate to the month of June.

Question

Fredder Company usually sells about 20 percent of its merchandise during a month for cash with the remaining sales on account.The company's accounts receivable payment history is as follows: 30 percent in the month of sale,50 percent in the month following,and 15 percent in the second month following sale.Total budgeted sales for the second quarter are as follows:
  Assume all questions relate to the month of June.

Quizplus · Accepted Answer

The Answer of Fredder Company usually sells about 20 percent of its merchandise during a month for cash with the remaining sales on account.The company's accounts receivable payment history is as follows: 30 percent in the month of sale,50 percent in the month following,and 15 percent in the second month following sale.Total budgeted sales for the second quarter are as follows:
  Assume all questions relate to the month of June.

Fredder Company Usually Sells About 20 Percent of Its Merchandise