Woxy company is considering its forthcoming projections for cash budget purposes. Woxy’s forecasts the following sales f
Posted: Sun Jul 03, 2022 1:06 pm
Woxy company is considering its forthcoming projections for cashbudget purposes. Woxy’s forecasts the following sales figures forthe next four months.
April
May
June
July
$250,000
$150,000
$225,000
$150,000
Cash sales average 10% of total sales and credit sales arecollected 50% in the month of sale and 50% in the month followingsale. What are the estimated cash collections in May?
April
May
June
July
$250,000
$150,000
$225,000
$150,000
Cash sales average 10% of total sales and credit sales arecollected 50% in the month of sale and 50% in the month followingsale. What are the estimated cash collections in May?