The PDQ company collects credit sales according to the following schedule:
25% in the month of sale
70% in the month following the sale
4% in the second month after the sale
1% uncollectible

The costs have been budgeted following sales
April............100,000
May............120,000
June............110,000

Show a schedule of Cash receipts for June.

Answer rating: 100% (QA)

To prepare a schedule of cash receipts for June we need to consider the credit sales made in April M... View the full answer