Solution-What are Firm A total cash collections in September

What are Firm A total cash collections in September

Reference no: EM132612410

Question - Firm A has the following budget:

Month	Cash Sales	Credit Sales
July	$27,000	$12,000
August	$31,000	$16,000
September	$22,000	$40,000
October	$44,000	$48,000

20% of credit sales are collected in the month of sale; 50% in the month after the sale; and 30% two months after the sale.

Required - What are Firm A's total cash collections in September?

a. $41,600

b. $30,000

c. $68,800

d. $19,600

Reference no: EM132612410

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What are Firm A total cash collections in September

Reference no: EM132612410

Reference no: EM132612410

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Accounting Basics Questions & Answers

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Theory of interest - term structure of interest rates

Write a report on internal controls

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Cost-benefit analysis

Theory of interest

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What is the expected risk premium on the portfolio

Simple interest and compound interest

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Assured A++ Grade

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