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-   -   Managerial Accounting (https://www.askmehelpdesk.com/showthread.php?t=496842)

  • Aug 10, 2010, 09:29 AM
    sharpie77
    Managerial Accounting
    Budgeted sales for the first quarter of the year for the Delta Company are as follows:
    Budgeted Sales:
    January $400,000
    February $200,000
    March $600,000

    The Company normally collects 60% in the month of sale and 30% in the month following the sale. Ten percent of all sales are uncollectible and are written off in the following month.

    The balance in accounts receivable at January 1 was $100,000, which represents 40% of December sales.

    Prepare a schedule of cash collections for the first three months of the year.
  • Aug 10, 2010, 08:17 PM
    morgaine300

    Please see the guidelines for posting homework:
    https://www.askmehelpdesk.com/financ...-b-u-font.html

    What have you attempted on this?

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