Boise Boots prepared the following sales budget: Month Cash Sales $24,000 March $32,000 $42,000 $52,000 April...
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Boise Boots prepared the following sales budget: Month Cash Sales $24,000 March $32,000 $42,000 $52,000 April May June Credit Sales $7,000 $11,000 $40,000 $48,000 Credit collections are 10% two months following the sale, 55% in the month following the sale, and 30% in the month of sale. The remaining 5% is expected to be uncollectible. What are the total cash collections in June at Boise Boots? Boise Boots prepared the following sales budget: Month Cash Sales $24,000 March $32,000 $42,000 $52,000 April May June Credit Sales $7,000 $11,000 $40,000 $48,000 Credit collections are 10% two months following the sale, 55% in the month following the sale, and 30% in the month of sale. The remaining 5% is expected to be uncollectible. What are the total cash collections in June at Boise Boots?
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