Budgeted sales in Acer Corporation over the next four months are given below: September October November December
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Question:
Budgeted sales in Acer Corporation over the next four months are given below:
September | October | November | December | ||
Budgeted sales | $120,000 | $140,000 | $180,000 | $160,000 | |
Thirty percent of the company’s sales are for cash and 70% are on account. Collections for sales on account follow a stable pattern as follows: 50% of a month’s credit sales are collected in the month of sale, 30% are collected in the month following sale, and 20% are collected in the second month following sale. Given these data, cash collections for December should be:
a. $141,800
b. $100,500
c. $118,700
d. $161,400
Related Book For
OM operations management
ISBN: 978-1285451374
5th edition
Authors: David Alan Collier, James R. Evans
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