lookysee
Sep 28, 2011, 03:45 PM
Company A expects to begin operations on January 2012. The company expects
Sales in January 2012 to be $400,000 and increas in Feb. And March by 10%.
All sales are on account. McCarty expects to collect 70% of accounts receivable
In the month of sales, 20% in the month following the sale and 10%
In the second month following the sale. If receipts from February and March
Sales are extended to April and May, respectively, what are the total amounts of those
Receipts, in both April and May.
Sales in January 2012 to be $400,000 and increas in Feb. And March by 10%.
All sales are on account. McCarty expects to collect 70% of accounts receivable
In the month of sales, 20% in the month following the sale and 10%
In the second month following the sale. If receipts from February and March
Sales are extended to April and May, respectively, what are the total amounts of those
Receipts, in both April and May.