Shown below are the budgeted sales for ABC Company for the first five months of 2020....
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Shown below are the budgeted sales for ABC Company for the first five months of 2020. All sales are made on account: January February March April May Budgeted Sales ? ? ? $88,200 $91,000 On average, 60% of the sales are collected in the month of sale, 20% are collected In the month following sale, 15% are collected in the second month following sale, And the remaining 5% is collected three months after the month of sale. ABC Company had budgeted cash collections from customers of $77,745 in April and $83,475 in May. ABC's budgeted accounts receivable at May 31 totaled $56,630. Calculate ABC Company's budgeted sales in March. Do not use decimals in your answer. Shown below are the budgeted sales for ABC Company for the first five months of 2020. All sales are made on account: January February March April May Budgeted Sales ? ? ? $88,200 $91,000 On average, 60% of the sales are collected in the month of sale, 20% are collected In the month following sale, 15% are collected in the second month following sale, And the remaining 5% is collected three months after the month of sale. ABC Company had budgeted cash collections from customers of $77,745 in April and $83,475 in May. ABC's budgeted accounts receivable at May 31 totaled $56,630. Calculate ABC Company's budgeted sales in March. Do not use decimals in your answer.
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