Use the data below from a company's sales for January to April to get a forecast...
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Use the data below from a company's sales for January to April to get a forecast for the collection forecast, including cash sales, for April: Month January February March April Of the sales above, 30% are for cash and 70% are for credit. Of the credit sales, 58% are collected one month later, 32% are collected two month later, and 10% are collected three months later. What is the collection forecast for April? Sales $220,000 140,000 150,000 140,000 Use the data below from a company's sales for January to April to get a forecast for the collection forecast, including cash sales, for April: Month January February March April Of the sales above, 30% are for cash and 70% are for credit. Of the credit sales, 58% are collected one month later, 32% are collected two month later, and 10% are collected three months later. What is the collection forecast for April? Sales $220,000 140,000 150,000 140,000
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To calculate the collection forecast for April we need to consider cash sales which are collected in ... View the full answer
Related Book For
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
Posted Date:
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