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    Slybone's Avatar
    Slybone Posts: 33, Reputation: 1
    Junior Member
    		  
    #1

    Jul 27, 2008, 05:06 PM
    Schedule of Expected Cash Collections
    Attached is the problem with my answers plugged in. I would like to have them verified. Also I do not understand Requirement #2 how would that be computed?
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    Slybone's Avatar
    Slybone Posts: 33, Reputation: 1
    Junior Member
    		  
    #2

    Jul 27, 2008, 05:11 PM
    I calculated $382,900
    As accounts receivable because there is still 5% for August sales, and 75% of September sales that need to be collected.

    Is this correct?
    moorem614's Avatar
    moorem614 Posts: 2, Reputation: 1
    New Member
    		  
    #3

    Sep 14, 2009, 10:24 AM
    $382900.00
    moorem614's Avatar
    moorem614 Posts: 2, Reputation: 1
    New Member
    		  
    #4

    Sep 14, 2009, 10:25 AM
    382900.00
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #5

    Sep 15, 2009, 07:23 PM

    Slybone, all is correct, including the Sept receivable balance. :)

    (But I hate that template they provided.)
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #6

    Sep 15, 2009, 07:25 PM

    Oh, dang. Some newbie got me caught in an old thread. Hate when that happens.
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