Solution-What the budgeted cash receipts for October

What the budgeted cash receipts for October

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Reference no: EM133007707

Question - The LaPann Corporation has obtained the following sales forecast data:

	July	August	September	October
Cash sales	$80,000	$70,000	$50,000	$60,000
Credit sales	$240,000	$220,000	$180,000	$200,000

The regular pattern of collection of credit sales is 20% in the month of sale, 70% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts.

Required - What the budgeted cash receipts for October?

Reference no: EM133007707

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What the budgeted cash receipts for October

Reference no: EM133007707

Reference no: EM133007707

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