Rosie's Roses presents the following sales budget. In her budgeting, Rosie estimates that 35% of her...

  

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Rosie's Roses presents the following sales budget. In her budgeting, Rosie estimates that 35% of her sales are cash sales. For the sales on account, she estimates collection as 30% in the month of sale, 50% in the month after sale, and 20% in the second month after sales. Prepare a schedule that shows how much cash Rosie will receive for June, July and August: April Budgeted sales: Total 600.000 May 100,000 June 500,000 July August 250,000 400,000 Rosie's Roses presents the following sales budget. In her budgeting, Rosie estimates that 35% of her sales are cash sales. For the sales on account, she estimates collection as 30% in the month of sale, 50% in the month after sale, and 20% in the second month after sales. Prepare a schedule that shows how much cash Rosie will receive for June, July and August: April Budgeted sales: Total 600.000 May 100,000 June 500,000 July August 250,000 400,000

Answer rating: 100% (QA)

To calculate the cash Rosie will receive for June July and August we need to consider the cash sales ... View the full answer