Ask Experts Questions for FREE Help !
Ask
    sharpie77's Avatar
    sharpie77 Posts: 1, Reputation: 1
    New Member
     
    #1

    Aug 10, 2010, 09:29 AM
    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.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
     
    #2

    Aug 10, 2010, 08:17 PM

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

    What have you attempted on this?

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!

What is the difference between Managerial Accounting and Cost Accounting ? [ 3 Answers ]

Hello Dears, I want to know about the difference between Managerial Accounting and Cost Accounting. Thanks ! Sincerely Yours, Mohammad Naim


View more questions Search