Total budgeted cash receipts for the second quarter

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Reference no: EM13777893

Billings Rail Company’s sales for the next five months are as follows: February $175,000 March $160,000 April $145,000 May $135,000 June $130,000 Collection history for the company indicates that 50% of sales are collected in the month of the sale, 30% is collected in the following month, 10% is collected two months later and 10% is uncollectible. How much are total budgeted cash receipts for the second quarter?

Reference no: EM13777893

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Total budgeted cash receipts for the second quarter : Billings Rail Company’s sales for the next five months are as follows: February $175,000 March $160,000 April $145,000 May $135,000 June $130,000 Collection history for the company indicates that 50% of sales are collected in the month of the sale, 3..

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