NUBD Company makes all of its sales on account. NUBD collects its account as follows: 20%...

Transcribed Image Text:

NUBD Company makes all of its sales on account. NUBD collects its account as follows: 20% in the month of sale, 70% in the month following sale, and 10% in the second month following sale. NUBD budget sales for the first quarter of the year as follows: January P176,000: February P168,000; and March P200,000. The accounts receivable balance on January 1 was P110,000 for sales made in November and December of the previous year. What is NUBD's budgeted balance of accounts receivable at the end of March?* (Q NUBD Company makes all of its sales on account. NUBD collects its account as follows: 20% in the month of sale, 70% in the month following sale, and 10% in the second month following sale. NUBD budget sales for the first quarter of the year as follows: January P176,000: February P168,000; and March P200,000. The accounts receivable balance on January 1 was P110,000 for sales made in November and December of the previous year. What is NUBD's budgeted balance of accounts receivable at the end of March?* (Q

Answer rating: 100% (QA)

To calculate NUBDs budgeted balance of accounts receivable at the end of March we need to consider t... View the full answer