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D Question 31 5 pts Arroyo Company has found from past experience that 10 percent...

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Accounting

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D Question 31 5 pts Arroyo Company has found from past experience that 10 percent of its sales are for cash. The remaining 90 percent are on credit. An analysis of credit sales reveals the following 20 percent of credit sales are paid in the month of sale, 60 percent of credit sales are paid in the first month following the month of sale. 15 percent of credit sales are paid in the second month following the month of sale. 5 percent of credit sales are never collected, Arroyo Company has developed the following sales forecast: November $66,000 December 85.000 January 55.000 February 75.000 March 80,000 Srd Problem 5-3 The budgeted cash receipts for January for sales made in January are 514630 $15.000 511000 510450

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