lloW/connect.html Help Save & Exit Benton Company\'s sales budget shows the foll

Question

lloW/connect.html Help Save & Exit Benton Company's sales budget shows the following expected total sales: es January$16,000 February$20,000 $25,000 $48,000 March April The company expects 70% of its sales to be on account (credit sales). Credit sales a the month following the sale with the remainder being uncollectible and written off The total cash receipts du re collected as follows, 25% in the month of sale, nsm 70% in ing April would be Multiple Choice $35.200 $25,200 . Next > "" Prev -19 of 23

Explanation / Answer

Hence total cash receipts during April=14400+(33600*0.25)+(0.7*17500)

which is equal to

=$35050.

Cash sales(30%) Credit sales(70%) March (25000*30%)=7500 17500 April (48000*30%)=14400 33600

Related Questions

Navigate

• Browse (All)
• Browse L
• Subjects

---

---

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