ashleedawn
Mar 29, 2010, 06:15 PM
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)
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)