Clothing Company is a retail company that sells hiking and other outdoor gear specially made...
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Accounting
Clothing Company is a retail company that sells hiking and other outdoor gear specially made for the desert heat It sells to indviduals as well as local in the desert for tourists. The tollowing s available for several months of Ihe current year S 120,000 $ 90,000 S 24,00 June July 115,000 160,0O0 145.000 95,000 38,250 The majorty of Martin's sales (70 percent) are cash, but a few of the excursion companies purchase on creat Of the ct collected in the following month All of Martin's purchases are on account with 5 percent edit sales, 40 percent are collected in the month of sale and 60 percent are pard in the month of purchase and 45 percent paid the tolkowing month 2. Determine budgeted cash payments for July and August
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