Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. distribution corporation collects 40% of a month's

Distribution Corporation collects 40% of a month's sales in the month of sale,...

80.2K

Verified Solution

Question

Accounting

image

Distribution Corporation collects 40% of a month's sales in the month of sale, 55% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are April budgeted sales May budgeted sales June budgeted sales July budgeted sales $50,000 $200,000 $300,000 $210,000 The amount of cash that will be collected in July is budgeted to be O A. $255,500 B. $259,000 OC. $175,000 O D. $84,000

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

1 Consider this table of values A 5 5 3 1 1 3 5 7...

Statistics
1.2K views

There are two ways for a concrete truck to go from a ready-mixed concrete plant to...

Chemistry
1.2K views

Which of the following titrations results in a basic solution at the equivalence point? Select one: A....

Medical Sciences
1.2K views

Explain structural strain theory. List and define the five modes of adaptation.

Basic Math
1.2K views

The data below are survival times (in years) for cancer patients receiving experimental therapy (TREAT) or...

Biology
1.2K views

Match the Terminology with their corresponding Definition Natural Selection Competition Overproduction Camouflage Extinction

Biology
1.2K views

Limiting factors reduce the speed of a population s growth If all limiting factors were...

Biology
1.2K views

2 Why is mineral oil added in the O F test a To serve as...

Statistics
1.2K views

Determine if there are outliers in the data set State the outliers if they exist...

Accounting
1.2K views

1. Consider a bond issue as follows: Face $100,000 Stated rate of interest...

Accounting
1.2K views

Required: Using the following table and the equations underlying each of the four basic financial...

Finance
1.2K views

need assitance in this section Suppose you take out a $113,000,20-year mortgage loan...