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What the Wemberlys budgeted cash receipts for February

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Reference no: EM132961735

Question - Wemberly Company sells a product for $10. Budgeted sales for the first quarter of the current year are as follows:

Budgeted Sales

January $170,000

February $220,000

March $300,000

The company collects 65% in the month of sale and 30% in the following month. 5% of all sales are uncollectible and written off. What the Wemberly's budgeted cash receipts for February?

Reference no: EM132961735

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