Sam Chapter 8 Apps CofC Bookstore OAKS CMA?L M McGraw Hill Connect VHL Central (

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Sam Chapter 8 Apps CofC Bookstore OAKS CMA?L M McGraw Hill Connect VHL Central (Spanis| YouTube XXFINITY-XFINITY Stream VyStar Online Bankir Wells Fargo MSAMEX - Question 10 (of 14) Seve & Exit Submit 10- 10.00 points McFarland Company makes 70 percent of its sales in cash. Credit sales are collected as follows: 70 percent in the month of sale and 30 percent in the month following the sale. McFarland's budgeted sales for upcoming months follow: June July August September S 24,500 45,000 43,000 41,000 Required Compute McFarland's expected cash receipts for August. Budgeted Cash Receipts Hints References eBook &Resources; nt #1 821 PM O Type here to search 4x 4/4/2013 ^

Explanation / Answer

Calculation of cash reciepts for august: Particulars Amount August cash sales(43000*0.70) 30100 August credit sales(43000*0.3*0.7) 9030 July sales (45000*0.3*0.3) 4050 Toatl cash inflow 43180 Budgeted cash reciepts for august is $43180

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