Reference no: EM131601621
Question - Compute the total cash budgeted to be collected in March, if sales forecasts are $369,000 for January, $440,000 for February, $480,000 for March.
January Sales after the discount ___________ (answer)
Feb Sales within the discount period___________(answer)
Feb sales after the discount period ______________(answer)
March sales within the discount period _________(answer)
Total March Collection _____________(answer)
Cash Collected at the time of sale 50%
Collected within the cash discount period in the first 10 days of the month after sale 10
Collected after cash discount period in the first month after sale 25
Collected after cash discount period in the second month after sale 12
Never collected 3
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