Regal Service anticipates the following sales revenue over a five-month period: Regal Service's aales are 30%...
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Regal Service anticipates the following sales revenue over a five-month period: Regal Service's aales are 30% canh and 70% credit. Complete the cash budget to determine how much canh will be collected in January, February, and in March. (Round your answers to the nearesat whole dellar.) Regal Service Cash Collections Budget For the Months of January through March January February March Quarter Cash sales Collection of credit sales: 25% Month of sale 50% Month after 14% Two montha after Totai cash collections More info 25% in the month of the sale • 50% in the month after he sale • 14% two months after the sale • 11% are never collected Sales data November Sales revenue....$ 10,500 December S 10,200 February S 12.200 January March $ 15,900 14.900 Regal Service anticipates the following sales revenue over a five-month period: Regal Service's aales are 30% canh and 70% credit. Complete the cash budget to determine how much canh will be collected in January, February, and in March. (Round your answers to the nearesat whole dellar.) Regal Service Cash Collections Budget For the Months of January through March January February March Quarter Cash sales Collection of credit sales: 25% Month of sale 50% Month after 14% Two montha after Totai cash collections More info 25% in the month of the sale • 50% in the month after he sale • 14% two months after the sale • 11% are never collected Sales data November Sales revenue....$ 10,500 December S 10,200 February S 12.200 January March $ 15,900 14.900
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Related Book For
Managerial Accounting
ISBN: 978-0176223311
1st Canadian Edition
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
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