Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. manu has forecast sales to be $115,900 in february

Manu has forecast sales to be $115,900 in February, $156,600 in March, $163,900 in April,...

50.1K

Verified Solution

Question

Accounting

Manu has forecast sales to be $115,900 in February, $156,600 in March, $163,900 in April, and $177,700 in May. The average cost of goods sold is 70% of sales. 49% of sales are on made on credit, the rest are for cash. The sales on credit are collected 65% in the month of sale, and 35% the month following.

What are budgeted cash receipts on credit sales in March collected in March?
Selected Answer:

[None Given]
Correct Answer:

49,877 2

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

Electrical Engineering
1.2K views

discuss the status of photovoltaic power plants in the United Status. Include in our discussion the...

Biology
1.2K views

more difficult to find good antifungal drugs compared with antibacterial drugs why Mode of action...

Physics
1.2K views

The displacement harmonic wave is y sin 20 y in cm produced by a simple...

Physics
1.2K views

Example 3 73 An aircraft flies at 400 km h in still air A wind...

Basic Math
1.2K views

y = f(3x)Shift the graph 3 units upward.Stretch the graph horizontally and vertically by a...

Calculus
1.2K views

296 T A building that is 225 feet tal of various lengths x as the...

Accounting
1.2K views

Chapter 10 Problems Saved Help Save & Exit Submit Check my work 4 Marvel Parts,...

Accounting
1.2K views

At December 31, Folgeys Coffee Company reports the following results for its calendar year Cash...

Accounting
1.2K views

4. Twitty Inc. has provided the following data concerning the Assembly Department for the month...

Accounting
1.2K views

one drawback of using standard costing is that it is? A. Often inaccurate B. Expensive...

Accounting
1.2K views

upholstery shop open after normal working hours? 2. A small nearby upholstering company has offered...

Finance
1.2K views

Please briefly address each of the following questions. For questions that involve calculations, you may...