Figure 3
Wemberly Company sells a product for £10. Budgeted sales for the first quarter of the current year are as follows:
The company collects 65 percent in the month of sale and 30 percent in the following month. Five percent of all sales are uncollectible and written off.
-Refer to Figure 3. Wemberly's budgeted cash receipts for February are

A) £220,000
B) £209,000
C) £194,000
D) £143,000

Question

Figure 3
Wemberly Company sells a product for £10. Budgeted sales for the first quarter of the current year are as follows:
The company collects 65 percent in the month of sale and 30 percent in the following month. Five percent of all sales are uncollectible and written off.
-Refer to Figure 3. Wemberly's budgeted cash receipts for February are

A) £220,000 
B) £209,000 
C) £194,000 
D) £143,000

Quizplus · Accepted Answer

The Answer of Figure 3
Wemberly Company sells a product for £10. Budgeted sales for the first quarter of the current year are as follows:
The company collects 65 percent in the month of sale and 30 percent in the following month. Five percent of all sales are uncollectible and written off.
-Refer to Figure 3. Wemberly's budgeted cash receipts for February are

A) £220,000 
B) £209,000 
C) £194,000 
D) £143,000

Figure 3 Wemberly Company Sells a Product for £10. Budgeted Sales for Sales