, Lawrence, Inc., found that apout 10 percent df its sales during the month were

Question

, Lawrence, Inc., found that apout 10 percent df its sales during the month were for cash. Lawr ang Percent paid in the month of sale Percent paid in the month after the sale Percent paid in the second month after the sale ence has the follov e paymnt expenence rece 60% 7% Lawrence's anticipated salesfor thext few mouthe e Lawrence's anticipated sales for the next few mo Apri $200,000 May 240,000 230,000 246,000 oJune JM Au May f tI August 250,000 th Required Calculate credit sales fof May, June, July, and August. 2. Prepare a cash receipts budget for july and August. C bio 4, Janzen, Inc, sells ll of its production account Janzen has the following assounts

Explanation / Answer

Solution:

1.

2.

May June July August Total Sales 240,000 230,000 246,000 250,000 Credit sales @ 65% 156000 149500 159900 162500

Related Questions

Navigate

• Browse (All)
• Browse #
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.