Simple : TYPE answer but most importantly SHOW YOUR WORK.. Answer ONLY ONLY if y

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Simple :

TYPE answer but most importantly SHOW YOUR WORK..

Answer ONLY ONLY if you know

Crow Clothing (CC) sells women's resort casual clothing to high-end department stores and in its own retail boutiques. CC expects saks for January. February and March to be $380 000 3440 000, womber, C yn si ret at ot ab poing a and S460,000 respect ehy Twenty percent of ?s sales u eash with the rumainde budget process and has asked for your help in preparing the cash budget Olected everly over ho ments Duing Compute CC's expected cash receipts from customers for each month Budgsted Cash 352,000 O s 516,000 420,000

Explanation / Answer

Dec jan Feb March Sales on cash 20% of total sales 138000 76000 88000 92000 sales on credit 80% of total sales 552000 304000 352000 368000 total sales 690000 380000 440000 460000 Cash collection Jan Feb March December sales 552000*50% 276000 Jan cash sales 76,000 jan credits sales (304000*50%) 152000 152,000 Feb cash sales 88,000 Feb credit sales (352000*50% ) 176000 176,000 March cash sale 92,000 March credit sales (368000*50%) 184000 total cash receipts 504000 416000 452000 Jan Feb March budgeted cash receipts 504000 416000 452000

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