Galway Ltd budgeted to make sales of $ 1,500 , $ 1,800 and $ 2,800 in its first three months of operation. 25 % of its sales are expected to be for cash and another 25 % of total sales will also be collected in the same month by offering a 10 % discount; 40 % will be collected in the following month, and the remainder the month after that. How much cash did Galway Ltd budgeted to receive in its third month of operation ?

Answer rating: 100% (QA)

To calculate the cash Galway Ltd budgeted to receive in its third month of operation we need to dete... View the full answer