The company's total budgeted collection from April to June amounts to ? Format: 1,111,111 NUBD Inc....
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The company's total budgeted collection from April to June amounts to ? Format: 1,111,111 NUBD Inc. prepared the following sales budget Month February March April May June Cash Sales P 80,000 100,000 90,000 120,000 110,000 Credit Sales P 340,000 400,000 370,000 460,000 380,000 Collections are 40% in the month of sale, 45% in the month following the sale, and 13% two months following the sale. The remaining 2% is expected to be uncollectible. The company's total budgeted collection from April to June amounts to ? Format: 1,111,111 NUBD Inc. prepared the following sales budget Month February March April May June Cash Sales P 80,000 100,000 90,000 120,000 110,000 Credit Sales P 340,000 400,000 370,000 460,000 380,000 Collections are 40% in the month of sale, 45% in the month following the sale, and 13% two months following the sale. The remaining 2% is expected to be uncollectible.
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Related Book For
Accounting What the Numbers Mean
ISBN: 978-1260565492
12th edition
Authors: David Marshall, Wayne McManus, Daniel Viele
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