What would april''s total cash receipts be


Parlee Company's sales are 30% in cash and 70% on credit. Sixty % of the credit sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. The remainder is uncollectible. The following are budgeted sales data: January $60,000-February $70,000-March 50,000-April 30,000 - What would April's total cash receipts be ?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What would april''s total cash receipts be
Reference No:- TGS071320

Expected delivery within 24 Hours