Cash collections in march should be budgeted

Assignment Help Financial Accounting

Reference no: EM13825368

Avril Company makes collections on sales according to the following schedule:

30% in the month of sale

60% in the month following sale

8% in the second month following sale

The following sales are expected:

Expected sales

Jan $100,000

Feb $120,000

Mar $110,000

Cash collections in March should be budgeted to be:

a. $110,000

b. $110,800

c. $105,000

d. $113,000

Reference no: EM13825368

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