The following credit sales are budgeted by Polex Electronics: The company's past experience indicates that 50% of the accounts receivable are collected in the month of sale, 30% in the month following the sale, and 18% in the second month following the sale.Two percent are uncollectible.How much does the company anticipate as cash receipts for March?

Question

The following credit sales are budgeted by Polex Electronics:  The company's past experience indicates that 50% of the accounts receivable are collected in the month of sale, 30% in the month following the sale, and 18% in the second month following the sale.Two percent are uncollectible.How much does the company anticipate as cash receipts for March?

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The Answer of The following credit sales are budgeted by Polex Electronics:  The company's past experience indicates that 50% of the accounts receivable are collected in the month of sale, 30% in the month following the sale, and 18% in the second month following the sale.Two percent are uncollectible.How much does the company anticipate as cash receipts for March?

The Following Credit Sales Are Budgeted by Polex Electronics