Question: Yeaman expects total sales of 333 000 in January and 407 000

Yeaman expects total sales of $333,000 in January and $407,000 in February. Assume that Yeaman’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 sales
2% never collected
November sales totaled $260,000, and December sales were $330,000. Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar.

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  • CreatedJune 15, 2015
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