Avril Company makes collections on sales according to the following schedule:
30% in the month of sale
60% in the month following sale
8% in the second month following sale
The following sales are expected:
What should be the budgeted cash collections in March?

Question

Avril Company makes collections on sales according to the following schedule:
30% in the month of sale
60% in the month following sale
8% in the second month following sale
The following sales are expected: 
What should be the budgeted cash collections in March?

Quizplus · Accepted Answer

The Answer of Avril Company makes collections on sales according to the following schedule:
30% in the month of sale
60% in the month following sale
8% in the second month following sale
The following sales are expected: 
What should be the budgeted cash collections in March?

Avril Company Makes Collections on Sales According to the Following