sistag
May 10, 2008, 08:14 AM
Preparing a schedule of monthly cash receipts is this correct:
Act. Sales
Nov- 120,000
Act. Sales
Dec.-140,000
Forecasted
Jan.-190, 000 Feb.- 210, 000 Mar.- 230, 000 April- 230, 000
30%- sales are for cash 70%-are credit
Ans: Dec. 126, 000 Jan.- 155, 000 Feb- 196, 000 Mar.- 216, 000 Apr.- 230, 000
Act. Sales
Nov- 120,000
Act. Sales
Dec.-140,000
Forecasted
Jan.-190, 000 Feb.- 210, 000 Mar.- 230, 000 April- 230, 000
30%- sales are for cash 70%-are credit
Ans: Dec. 126, 000 Jan.- 155, 000 Feb- 196, 000 Mar.- 216, 000 Apr.- 230, 000