What cash collections in april are budgeted to be


Pitkins Company collects 20% of a month's sales in the month of sale, 70% in the month following sale, and 6% in the second month following sale. The remainder is uncollectible. Budgeted sales for the next four months are:

Budgeted sales
January $200,000
February $300,000
March $350,000
April $250,000

what Cash collections in April are budgeted to be

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What cash collections in april are budgeted to be
Reference No:- TGS077395

Expected delivery within 24 Hours