Dubuque Company has the following sales budget:
Collections of credit sales are 40% in the month of sale,50% in the month after sale and 10% two months after sale.No uncollectible accounts are expected.
Required:
Prepare a schedule of cash collections for April.

Question

Dubuque Company has the following sales budget:
  Collections of credit sales are 40% in the month of sale,50% in the month after sale and 10% two months after sale.No uncollectible accounts are expected.
Required:
Prepare a schedule of cash collections for April.

Quizplus · Accepted Answer

The Answer of Dubuque Company has the following sales budget:
  Collections of credit sales are 40% in the month of sale,50% in the month after sale and 10% two months after sale.No uncollectible accounts are expected.
Required:
Prepare a schedule of cash collections for April.

Dubuque Company Has the Following Sales Budget