Ask Experts Questions for FREE Help !
Ask
    ashleedawn's Avatar
    ashleedawn Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Mar 29, 2010, 06:15 PM
    3. Ruby’s projected budgeted credit sales for the first three months of 2008 are as f
    3. Ruby’s projected budgeted credit sales for the first three months of 2008 are as follows:
    January $250,000
    February $300,000
    March $340,000
    Ruby’s expects to collect 30% of the sales dollars in the month of the sale and 70% in the month following the sales.

    How much cash does Ruby’s expect to collect in February? (2 point)
    How much cash does Ruby’s expect to collect in March? (2 point)
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
    Ultra Member
    		  
    #2

    Mar 30, 2010, 05:21 AM
    sales budget - 2008 january february march

    credit sales 250,000 300,000 340,000

    30% in first month 75,000 90,000 102,000
    70% in month following 175,000 210,000

    total 265,000 312,000

    -------------------------------------------------------------------

    How much cash does Ruby's expect to collect in February?
    $ 265,000

    How much cash does Ruby's expect to collect in March?
    $ 312,000

    ==========================================
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
    Ultra Member
    		  
    #3

    Mar 30, 2010, 09:37 PM
    Sales budget - 2008 january february march

    Credit sales 250,000 300,000 340,000

    30% in first month 75,000 90,000 102,000
    70% in month following 175,000 210,000

    Total 265,000 312,000
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #4

    Mar 31, 2010, 07:39 AM

    This looks like a homework problem
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

How to Calculate Projected Sales for Ready to Assemble Cabinetry [ 1 Answers ]

Kitchen Cabinetry specifically designed for very small spaces i.e. dorm room, office, hotel room, closet Similar product would be 'Sauder' brand ready to assemble furniture/shelving. Kitchen Cabinetry houses dorm size frig, small microwave, utensil drawer, slide out cutting board, counter top and...

Projected sales and budget [ 1 Answers ]

1.Trapp Co. was organized on August 1 of the current year. Projected sales for trhe next three months are as follows: August $100,000 September $185,000 October $225,000 The company expects to sell 40% of tis merchandise for cash. Of the...

Projected sales site [ 1 Answers ]

Trying to find a site that will give me the projected market spending for lawn care in MI

View more questions Search