Tucker Inc. had the following budgeted sales for the first half of the current year:...
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Accounting
Tucker Inc. had the following budgeted sales for the first half of the current year: January February March April May June The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: Collections on credit sales: 60% in month of sale 30% in month following sale 10% in second month following sale There is no beginning accounts receivable balance. The total cash collected by Tucker Inc. during January would be: The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: Collections on credit sales: 60% in month of sale 30% in month following sale 10% in second month following sale There is no beginning accounts receivable balance. The total cash collected by Tucker Inc. during Januarv would be: The total cash collected by Tucker Inc. during February would be: The total cash collected by Tucker Inc. during March would be: The total cash collected by Tucker Inc. during April would be: The total cash collected by Tucker Inc. during May would be 30% in month following sale 10% in second month following sale There is no beginning accounts receivable balance. The total cash collected by Tucker Inc. during January would be: The total cash collected by Tucker Inc. during February would be: The total cash collected by Tucker Inc. during March would be: The total cash collected by Tucker Inc. durina April would be: The total cash collected by Tucker Inc. durina May would be: The total cash collected by Tucker Inc. durina June would be



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