In problem 7. Big City Manufacturing (BCM) assumed that all credit sales were paid in full, which is not realistic. BCM studied its past credit sales and determined that 2.75% of its credit sales resulted in Bad Debts that were never collected. Using the data from the previous problem with the new assumption that 2.75% of credit sales were never collected, what is your revised estimate for the expected cash receipts for March? Enter your answer rounded to two decimal places. Do not enter $or comma in the answer box. For example, if your answer is $12,300.456 then enter as 12300.46 in the answer box.

Answer rating: 100% (QA)

To calculate the revised estimate for the expected cash receipt... View the full answer