Parlee Company's sales are 30% in cash and 70% on credit.Sixty percent of the credit sales are collected in the month of sale,25% in the month following sale,and 12% in the second month following sale.The remainder is uncollectible.The following are budgeted sales data:

What would be the budgeted total cash receipts in April?

Question

Parlee Company's sales are 30% in cash and 70% on credit.Sixty percent of the credit sales are collected in the month of sale,25% in the month following sale,and 12% in the second month following sale.The remainder is uncollectible.The following are budgeted sales data:

What would be the budgeted total cash receipts in April?

Quizplus · Accepted Answer

The Answer of Parlee Company's sales are 30% in cash and 70% on credit.Sixty percent of the credit sales are collected in the month of sale,25% in the month following sale,and 12% in the second month following sale.The remainder is uncollectible.The following are budgeted sales data:

What would be the budgeted total cash receipts in April?

Parlee Company's Sales Are 30% in Cash and 70% on Credit.Sixty