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Calculate tyson company budgeted sales in january

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Question - Shown below are the budgeted sales for TysonCompany for the first five months of the current year. All sales are made on account. Budgeted Sales:

January - ?

February - ?

March - ?

April - $43,700

May - $62,000

On average, 25% of the sales are collected in the month of sale, 20% are collected in the month following sale, 45% are collected in the second month following sale, and the remaining 10% is collected three months after the month of sale. Tyson Company had budgeted cash collections from customers of $46,847 in April and $63,115 in May. Tyson's budgeted accounts receivable at May 31 totaled $78,445.

Required - Calculate Tyson Company's budgeted sales in January and in March.

Reference no: EM133161549

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