Sales Jan 100,000 Sales are 20% cash and 80% credit. Credit Sales Collections 25% Month of...

 

Transcribed Image Text:

Sales Jan 100,000 Sales are 20% cash and 80% credit. Credit Sales Collections 25% Month of Sale 50% Month after 20% 2nd month 5% Never Feb 80,000 Mar 90,000 Apr 120,000 Required: Prepare a cash receipts budget for April, May and June May 100,000 June 80,000 Sales Jan 100,000 Sales are 20% cash and 80% credit. Credit Sales Collections 25% Month of Sale 50% Month after 20% 2nd month 5% Never Feb 80,000 Mar 90,000 Apr 120,000 Required: Prepare a cash receipts budget for April, May and June May 100,000 June 80,000

Answer rating: 100% (QA)

Answer Cash receipt budget April May June Cash Sales 24000 20000 16000 Cash collecti... View the full answer