Question

Amadio, Inc. has a beginning accounts receivable balance of $ 20,000. It expects the following sales for the first quarter:
January ............................................................. $ 140,000
February .......................................................... 150,000
March .............................................................. 160,000
Based on past experience, Amadio believes that 60 percent of sales will be collected in the month of sale receiving a 2 percent discount. The remaining sales will be collected in the month after that sale. What are the estimated cash receipts for January through March?


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  • CreatedMarch 25, 2015
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