Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. avril company makes collections on sales according

Avril Company makes collections on sales according to the following schedule: 60% in the month...

70.2K

Verified Solution

Question

Accounting

Avril Company makes collections on sales according to the following schedule: 60% in the month of sale 37% in the month following sale 3% in the second month following sale The following sales are expected: Expected Sales January $160,000 February $170,000 March $160,000 Cash collections in March should be budgeted to be:

A)$160,000 B)$163,700 C)$158,900 D)$160,480

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

CPAs and accountants are trained to understand the Internal Revenue Code and reference the regulations to...

Accounting
Q

In the acetyl ferrocene NMR spectrum, how could you tell which peak(s) belong to the acetylated ring,...

Chemistry
Q

why might a fish have such a huge area for processing taste and other sensory information from...

Biology
Q

Solve the following expression whenv = 10 and e = 52v e + 3

Basic Math
Q

You want to purchase a new car in 4 years and expect the car to...

Basic Math
Q

Find the intercepts and asymptotes If an answer does not exist enter DNE Enter your...

Algebra
Q

For a lamp manufacturing company, the glass that is used to make the lamp shades...

Accounting
Q

Mines and Minerals Ltd. (MML), a company engaged in the extraction of minerals like bauxite,...

Accounting
Q

A company compiled the following information for the current year. (Assume that all raw materials...

Accounting
Q

Sunland Corporation reported net income of $315,350 in 2025 and had 50,500 shares of common...

Accounting
Q

Other data: On December 1, two jobs were in process: Job No.154 and Job...

Accounting
Q

Explain how the supply and demand for the companys industry may affect consumer behavior. Include...

Accounting