Information pertaining to Yeks Company's budgeted sales revenue for the first quarter of the year is presented below. Management estimated that four percent of credit sales would be uncollectible. Of the collectible credit sales, 60% would be collected in the month of sale and the remainder in the month following the sale.
Required: Calculate total budgeted cash collections in February.

Question

Information pertaining to Yeks Company's budgeted sales revenue for the first quarter of the year is presented below.  Management estimated that four percent of credit sales would be uncollectible. Of the collectible credit sales, 60% would be collected in the month of sale and the remainder in the month following the sale.
Required: Calculate total budgeted cash collections in February.

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The Answer of Information pertaining to Yeks Company's budgeted sales revenue for the first quarter of the year is presented below.  Management estimated that four percent of credit sales would be uncollectible. Of the collectible credit sales, 60% would be collected in the month of sale and the remainder in the month following the sale.
Required: Calculate total budgeted cash collections in February.

Information Pertaining to Yeks Company's Budgeted Sales Revenue for the First