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19 April, 14:09

Your Co. collects 50% of its sales in the month of the sales, 30% of the follow month, and 20% the second month after the sale.

Calculate budgeted cash receipts for March and April.

January=50

February=40

March=60

April=30

May=70

June=50

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Answers (2)
  1. 19 April, 15:51
    0
    Answer:Am nevoie de Puncte
  2. 19 April, 15:51
    0
    March 52 April 41

    Step-by-step explanation:

    In March, Your Co. will collect 20% of January's sales, 30% of February's sales, and 50% of March's sales:

    .20*50 +.30*40 +.50*60 = 10 + 12 + 30 = 52

    Similarly, in April, collections will be ...

    .20*40 +.30*60 +.50*30 = 8 + 18 + 15 = 41
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