Duffy Corporation has prepared the following sales budget:

Collections are 40% in the month of sale,45% in the month following the sale,and 10% two months following the sale.The remaining 5% is expected to be uncollectible.
Required:
Prepare a schedule of cash collections for July through September.

Question

Duffy Corporation has prepared the following sales budget:
  
Collections are 40% in the month of sale,45% in the month following the sale,and 10% two months following the sale.The remaining 5% is expected to be uncollectible.
Required:
Prepare a schedule of cash collections for July through September.

Quizplus · Accepted Answer

The Answer of Duffy Corporation has prepared the following sales budget:
  
Collections are 40% in the month of sale,45% in the month following the sale,and 10% two months following the sale.The remaining 5% is expected to be uncollectible.
Required:
Prepare a schedule of cash collections for July through September.

Duffy Corporation Has Prepared the Following Sales Budget