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Your Co. collects 50% of its sales in the month of the sales, 30% of the follow month, and 20% the second month after the sale.

Calculate budgeted cash receipts for March and April.

January=50

February=40

March=60

April=30

May=70

June=50

User Marekj
by
7.6k points

2 Answers

4 votes

Answer:Am nevoie de Puncte

Explanation:

User Rayryeng
by
8.7k points
2 votes

Answer:

  • March 52
  • April 41

Explanation:

In March, Your Co. will collect 20% of January's sales, 30% of February's sales, and 50% of March's sales:

.20×50 +.30×40 +.50×60 = 10 +12 +30 = 52

Similarly, in April, collections will be ...

.20×40 + .30×60 + .50×30 = 8 +18 +15 = 41

User Ben Hoffman
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7.9k points