Shown below are the budgeted sales for ABC company for the next five months. All...
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Accounting
Shown below are the budgeted sales for ABC company for the next five months. All sales are made on account. on average, 18% of the sales are collected in the month of sale, 47% are collected in the month following sale, 23% are collected in the second month following sale, and the remaining 12% is collected three months after the month of sale. ABC company had budgeted cash collections from customers of $63,852 in Eebruary and $54,390 in March. ABC's budgeted accourlts receivable at March 31 was $60,350. Calculate ABC Company's budgeted sales in January
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