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Show schedule which shows expected cash receipts

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Question

Shatner Company has budgeted sales revenue as follows:

January    55,000

February   80,000

March      90,000

April         75,000

May         50,000

June        15,000

Past experience has indicated that 80% of sales each month are on credit and that collection of credit sales occurs as follows: 60% in the months of sale, 30% in the month following the sale, and 5% in the second month following the sales. the other 5% is uncollectible.

Show schedule which shows expected cash receipts from sales for the months of April, May, and June.

Reference no: EM132315567

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