Question

Refer to the Yoder’s schedule for cash receipts from customers that you prepared in Short Exercise S22- 9.
Now assume that Yoder’s sales are collected as follows: 50% in the month of the sale 30% in the month after the sale 18% two months after the sales 2% never collected November sales totaled $ 300,000 and December sales were $ 325,000. Prepare a schedule for the budgeted cash receipts from customers for January and February. Round answers to the nearest dollar.
Now assume that Yoder’s sales are collected as follows:
60% in the month of the sale
30% in the month after the sale
8% two months after the sale
2% never collected
Prepare a revised schedule for the budgeted cash receipts for January and February.



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  • CreatedJanuary 16, 2015
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