Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the brs corporation makes collections on sales acc

The BRS Corporation makes collections on sales according to the following schedule: 30% in month...

50.1K

Verified Solution

Question

Accounting

imageimage

The BRS Corporation makes collections on sales according to the following schedule: 30% in month of sale 66% in month following sale 4% in second month following sae The following sales have been budgeted: Sales April $130,000 May June$140,000 $150,000 Budgeted cash collections in June would be

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

Accounting
1.2K views

Prime Company holds 60 percent of Suspect Company’s stock,acquired on January 1, 20X2, for...

Mechanical Engineering
1.2K views

According to test data, a new type of engine takes in streams of water at 200...

Physics
1.2K views

Derive the general wavefunction for a particle in a box (i.e. the infinite square well potential). Go...

Basic Math
1.2K views

Moe plays a simplified version of powerball You either win the entire jackpot of 500...

Algebra
1.2K views

1 The following table shows the number in millions of cars sold in the U...

Accounting
1.2K views

Handy Howie's: Role of Information Systems (IS) in Growing Company "Not again! There has to...

Accounting
1.2K views

Read the requirements. Requirement 1. Use the contribution margin ratio approach to...

Accounting
1.2K views

1. Runyon Inc. reported the following results from last years operations: ...

Accounting
1.2K views

In 2018, Jenny, a single taxpayer, had a $15,000 net short-term capital loss and taxable...

Finance
1.2K views

The principal of the time value of money is probably the single most important concept...

Accounting
1.2K views

what are the major contents of Corporate sustainability report and how this report help an...

Finance
1.2K views

Which of the following explanations can get rid of a spectacular from foreign exchange risk...