Based on the above information, NUBD is forecasting March 2021 total cash receipts from credit sales...

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Based on the above information, NUBD is forecasting March 2021 total cash receipts from credit sales of ? NUBD Company is developing a forecast of March 2021 cash receipts from credit sales. Credit sales for March 2021 are estimated to be P320,000. The accounts receivable balance - gross at February 28, 2021 is P300,000, one quarter of the balance represents January credit sales and the remainder is from February sales. All accounts receivable from months prior to January 2021 have been collected or written-off. NUBD's history of accounts are: In the month of sale In the first month after month of sale In the second month after month of sale Written-off as uncollectible at the end of the second month after month of sale 20% 50% 25% 5% Based on the above information, NUBD is forecasting March 2021 total cash receipts from credit sales of ? NUBD Company is developing a forecast of March 2021 cash receipts from credit sales. Credit sales for March 2021 are estimated to be P320,000. The accounts receivable balance - gross at February 28, 2021 is P300,000, one quarter of the balance represents January credit sales and the remainder is from February sales. All accounts receivable from months prior to January 2021 have been collected or written-off. NUBD's history of accounts are: In the month of sale In the first month after month of sale In the second month after month of sale Written-off as uncollectible at the end of the second month after month of sale 20% 50% 25% 5%

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To forecast the total cash receipts from credit sales in March 2021 we need to consider the collecti... View the full answer