What is the total cash collection for April? Q1- the following is information of Royal Company...

 

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What is the total cash collection for April? Q1- the following is information of Royal Company for the quarter ending June 30th Sales budgets for the next four months are: April May June Budget sales on units 30,000 60,000 40,000 Selling price per unit 10 10 10 130,000 10 Total budgeted sales 300,000 600,000 400,000 1,300,000 All sales are on account. Royal's collection pattern is: 70% collected in the month of sale. 30% collected in the month following sale, In April, the March 31st accounts receivable balance of $30,000 will be collected in full Requirment2: prepare the expected cash collection for the quarter (5 points) April May June quarter Accounts receivable, March31 Cash from the same month sales Cash from last month sales Total cash collection What is the total cash collection for April? Q1- the following is information of Royal Company for the quarter ending June 30th Sales budgets for the next four months are: April May June Budget sales on units 30,000 60,000 40,000 Selling price per unit 10 10 10 130,000 10 Total budgeted sales 300,000 600,000 400,000 1,300,000 All sales are on account. Royal's collection pattern is: 70% collected in the month of sale. 30% collected in the month following sale, In April, the March 31st accounts receivable balance of $30,000 will be collected in full Requirment2: prepare the expected cash collection for the quarter (5 points) April May June quarter Accounts receivable, March31 Cash from the same month sales Cash from last month sales Total cash collection

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