Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. grover has forecast sales to be $129,000 in februa

Grover has forecast sales to be $129,000 in February, $138,000 in March, $155,000 in April,...

80.2K

Verified Solution

Question

Accounting

Grover has forecast sales to be $129,000 in February, $138,000 in March, $155,000 in April, and $142,000 in May. The average cost of goods sold is 80% of sales. All sales are on made on credit and sales are collected 65% in the month of sale, and 35% the month following. What are budgeted cash receipts in March?

A) $134,85

B) $95,550

C) $138,850

D) $98,350

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

Basic Math
1.2K views

Find the indicated quantity assuming that u 4i j v i 3j and w 3i...

Physics
1.2K views

One mole of an ideal gas undergoes a process where the pressure varies according to P =...

Psychology
1.2K views

what is the importance of LinkedIn? At least one page SUBJECT English

Physics
1.2K views

Describe the pendulum’s physical location when the position is zero? When it has the largest positive...

Psychology
1.2K views

Part I. Answer the following three (3) questions. Copy and paste the questions into the Text...

Geometry
1.2K views

or k is a zero of this polynomial If not determine p k p x...

Statistics
1.2K views

Another measure of central tendency is the trimmed mean It is computed by determining the...

Algebra
1.2K views

A 100ft length of still chain weighing 161 b f t is dangling from a...

Accounting
1.2K views

Tinvulined Hifervietien Folfowirec are transactionta of Denica Coetwaty not rotind your Intermedtate calcutations, Une 360...

Accounting
1.2K views

AlwaysRain Irrigation, Inc., would like to determine capacity requirements for the next four years. Currently...

Accounting
1.2K views

Oscar had wages = $8,000, interest income = $6,000, and $600 withholding from his wages....

Finance
1.2K views

You are considering an investment in a U.S. Treasury bond. The current ask price is...