April May June Sales 50,000 40,000 60,000 All t-shirts are sold on account for $14 each. cash collections from sales are budgeted at 60% in the month of sales, 30% in the month of following sales, and the remaining 10% in the second month following the month of sales. Account receivable on April 1 totaled $500,000 (90,000 from February sales and remainder from march) Required prepare a schedule for each of the months showing budgeted cash receipts for Parkdale company. Calculate.

Answer rating: 100% (QA)

Alright lets start by breaking down the sales numbers into units sold Units of tshirts sold April 50... View the full answer