Shake Shacks Vegan Burgers reports the following information from its sales budget: Expected Sales: May $133,000 June
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Question:
Shake Shack’s Vegan Burgers reports the following information from its sales budget:
Expected Sales:
May $133,000
June 120,000
July 155,000
All sales are on credit and cash receipts are expected to be collected 40% in the month of sale and 60% in the month following sale. The total amount of cash expected to be recieved from customers in June is:
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Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
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