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June Corporation Has the Following Sales Forecasts for the First

Question 148

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June Corporation has the following sales forecasts for the first three months of the current year: June Corporation has the following sales forecasts for the first three months of the current year: 75% 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? A) $19,400 B) $23,800 C) $20,600 D) $21,000 75% of sales are collected in the month of the sale and the remainder is collected in the following month.
June Corporation has the following sales forecasts for the first three months of the current year: 75% 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? A) $19,400 B) $23,800 C) $20,600 D) $21,000 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?


A) $19,400
B) $23,800
C) $20,600
D) $21,000

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