Information for Deep Sea Fishing Product's cash budget is as follows.
$$\begin{array} { | l | c | c | c | c | }
\hline \text { Quarter } & 1 & 2 & 3 & 4 \
\hline \text { Estirrated sales (uritis) } & 100 & 200 & 300 & 200 \
\hline
\end{array}$$
Each unit sells for $50 and 80% of sales are on credit. Credit sales are collected as follows: 25% in the quarter of the sale and the balance in the following quarter. How many dollars of 3rd quarter sales will be collected in cash in the 4th quarter?

Question

Information for Deep Sea Fishing Product's cash budget is as follows.
$$\begin{array} { | l | c | c | c | c | } 
\hline \text { Quarter } & 1 & 2 & 3 & 4 \
\hline \text { Estirrated sales (uritis) } & 100 & 200 & 300 & 200 \
\hline
\end{array}$$
Each unit sells for $50 and 80% of sales are on credit. Credit sales are collected as follows: 25% in the quarter of the sale and the balance in the following quarter. How many dollars of 3rd quarter sales will be collected in cash in the 4th quarter?

Quizplus · Accepted Answer

The Answer of Information for Deep Sea Fishing Product's cash budget is as follows.
$$\begin{array} { | l | c | c | c | c | } 
\hline \text { Quarter } & 1 & 2 & 3 & 4 \
\hline \text { Estirrated sales (uritis) } & 100 & 200 & 300 & 200 \
\hline
\end{array}$$
Each unit sells for $50 and 80% of sales are on credit. Credit sales are collected as follows: 25% in the quarter of the sale and the balance in the following quarter. How many dollars of 3rd quarter sales will be collected in cash in the 4th quarter?

Information for Deep Sea Fishing Product's Cash Budget Is as Follows