Solution-Find budgeted cash collections in june would be

Find budgeted cash collections in june would be

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Reference no: EM132610582

The BRS Corporation makes collections on sales according to the following schedule:

40% in month of sale

55% in month following sale

5% in second month following sale

The following sales have been budgeted:

Sales

April $110,000

May $120,000

June $110,000

Question 1: Budgeted cash collections in June would be:

A. $112,000

B. $110,000

C. $115,500

D. $110,500

Reference no: EM132610582

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Find budgeted cash collections in june would be

Reference no: EM132610582

Reference no: EM132610582

Questions Cloud

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Accounting Basics Questions & Answers

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Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

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