Cash receipts budget
The director of budgeting for Bond Products is beginning the process of preparing a cash budget for each month of the coming year. The sales forecast for the month of January is as follows:
In the past, the accounts receivable originating from credit sales have been collected in the following pattern:
Credit sales in the last two months of the current year, some of which remain uncollected at year-end, were as follows:
Compute the amount of cash expected to be collected from customers in January of the coming year.
$$\begin{array} { | l | l | }
\hline \text { In the month of sale } & 15 \% \
\hline \text { In the first month following the sale } & 50 \% \
\hline \text { In the second month following the sale } & 25 \% \
\hline \text { Written off as uncollectible } & 10 \% \
\hline & \
\hline
\end{array}$$

Question

Cash receipts budget
The director of budgeting for Bond Products is beginning the process of preparing a cash budget for each month of the coming year. The sales forecast for the month of January is as follows:
In the past, the accounts receivable originating from credit sales have been collected in the following pattern:
Credit sales in the last two months of the current year, some of which remain uncollected at year-end, were as follows:
Compute the amount of cash expected to be collected from customers in January of the coming year.
  $$\begin{array} { | l | l | } 
\hline \text { In the month of sale } & 15 \% \
\hline \text { In the first month following the sale } & 50 \% \
\hline \text { In the second month following the sale } & 25 \% \
\hline \text { Written off as uncollectible } & 10 \% \
\hline & \
\hline
\end{array}$$

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The Answer of Cash receipts budget
The director of budgeting for Bond Products is beginning the process of preparing a cash budget for each month of the coming year. The sales forecast for the month of January is as follows:
In the past, the accounts receivable originating from credit sales have been collected in the following pattern:
Credit sales in the last two months of the current year, some of which remain uncollected at year-end, were as follows:
Compute the amount of cash expected to be collected from customers in January of the coming year.
  $$\begin{array} { | l | l | } 
\hline \text { In the month of sale } & 15 \% \
\hline \text { In the first month following the sale } & 50 \% \
\hline \text { In the second month following the sale } & 25 \% \
\hline \text { Written off as uncollectible } & 10 \% \
\hline & \
\hline
\end{array}$$

Cash Receipts Budget the Director of Budgeting for Bond Products

Cash Receipts Budget
the Director of Budgeting for Bond Products