Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. cainas predicts the following sales: january $20,0

Cainas predicts the following sales: January $20,000, February $30,000 March $40,000. 20% of sales are...

70.2K

Verified Solution

Question

Accounting

Cainas predicts the following sales: January $20,000, February $30,000 March $40,000. 20% of sales are made in cash, with the remaining credit sales collected 50% in the current month and 50% the following month. The budgeted cash collections for March are:

A. $8,000 B. $24,000 C. $39,000 D. $36,000

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

Suppose that XTel currently is selling at $40 per share. You buy 800 shares using $25,600...

Finance
Q

Describe the principle components of the ISO Grid Management System (So called the ISO Grid Control...

Electrical Engineering
Q

A dietician is planning a snack package of fruit and nuts. Each ounce of fruit will...

Advance Math
Q

The ends Q and R of two thin wires, PQ and RS, are soldered (joined)...

Physics
Q

O between 0 and 180 satisfying the given equation Ent 14

Basic Math
Q

185 Welgh between 185 and 186 pounds in order to ship Use the dot plot...

Statistics
Q

If f x 4 sin x In 3x find f x f x Graph fand...

Calculus
Q

Find a4 when a1 3 and r 2 Select one a 16 b 24 C...

Algebra
Q

1 Question You are given: px+t=0.9 for 0t3. i=8%. Calculate |).

Accounting
Q

8,eee e,eee Copy Prepaid expenses e,eee h there was accumulated depreciation of $30,000 was sold...

Accounting
Q

Calculating and Reporting Income Tax Expense Lynch Company began operations in 2016. The company reported...

Accounting
Q

Anderson Steel Company began 2018 with 580,000 shares of common stock outstanding. On March 31,...

Accounting