Mauldin Corporation has the following sales budget for the l…
Questions
Mаuldin Cоrpоrаtiоn hаs the following sales budget for the last half of 2020: July $100,000 October $90,000 August $80,000 November $100,000 September $110,000 December $80,000 Historically, the cash collection of sales has been as follows: 60 percent of sales collected in month of sale, 30 percent of sales collected in month following sale, and 10 percent of sales collected in second month following sale. What are the expected total cash collections for the 4th quarter from sales?
Mаuldin Cоrpоrаtiоn hаs the following sales budget for the last half of 2020: July $100,000 October $90,000 August $80,000 November $100,000 September $110,000 December $80,000 Historically, the cash collection of sales has been as follows: 60 percent of sales collected in month of sale, 30 percent of sales collected in month following sale, and 10 percent of sales collected in second month following sale. What are the expected total cash collections for the 4th quarter from sales?
Mаuldin Cоrpоrаtiоn hаs the following sales budget for the last half of 2020: July $100,000 October $90,000 August $80,000 November $100,000 September $110,000 December $80,000 Historically, the cash collection of sales has been as follows: 60 percent of sales collected in month of sale, 30 percent of sales collected in month following sale, and 10 percent of sales collected in second month following sale. What are the expected total cash collections for the 4th quarter from sales?
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