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Question

ps 1 Hawkes Learning Blackboard LeanWelcome myutrg Cnemark TheatresG Work in lapar ACCOUNTING 2018 Online ACCT 2302.9OL am Ill instructions I help Question 16 (of 35 Save&Exit; Submit Time remaining: 1:38:50 S. Grover has forecast sales to be $129000 in February, $137000 in March, $156,000 in April, and $148,000 in May The average cost of goods sold is 80%% of sales. All sales are on made on credit and sales are collected 60% in the month of sale, and 40% the month following what are budgeted cash receipts in March? O $137800 O $97.300 O $94,500 O $133,800 0 149 PM 4/15/2018 Type here to search

Explanation / Answer

D. $133,800

Budgeted cash receipts = ($137,000 * 60%) + ($129,000 * 40%)

Budgeted cash receipts = $133,800

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