Woodpecker Co. has $296,000 in accounts receivable at January 1. Budgeted sales for January are $860,000. Woodpecker Co. expects to sell 20% of its merchandise for cash. Of the remaining 80% of sales on account, 75% is expected to be collected in the month of the sale and the rest the following month. What are the Cash receipts from January sales ?

If budgeted beginning inventory is $8,000, budgeted ending inventory is $9,400, and budgeted cost of goods sold is $10,260, 

Calculate the budgeted production.

Answer rating: 100% (QA)

Cash Receipts from January Sales Woodpecker Co expects to sell 20 of its merchandise for cash so the ... View the full answer