Ayayai Co.'s projected sales are as follows: August $320,000 September $450,000 October $550,000 Ayayai estimates that...

  

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Ayayai Co.'s projected sales are as follows: August $320,000 September $450,000 October $550,000 Ayayai estimates that it will collect 30% in the month of sale, 50% in the month after the sale, and 18% in the second month following the sale. Two percent of all sales are estimated to be bad debts. What are Ayayai Co's budgeted cash receipts for October? S Ayayai Co.'s projected sales are as follows: August $320,000 September $450,000 October $550,000 Ayayai estimates that it will collect 30% in the month of sale, 50% in the month after the sale, and 18% in the second month following the sale. Two percent of all sales are estimated to be bad debts. What are Ayayai Co's budgeted cash receipts for October? S

Answer rating: 100% (QA)

Answer Calculate cash collections for August sales August Sales 320000 Cash collection in August 30 ... View the full answer