Question

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

Answer 1

Answer:Am nevoie de Puncte

Explanation:

Answer 2

• 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