Abc enterprises has budgeted sales for the next four months, Ask an Expert

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ABC Enterprises has budgeted sales for the next four months as follows: Budgeted Sales in Units January 7,400 units February 3,900 units March 5,300 units April 4,600 units ABC's product sells for $20 each. Experiences has shown that 10% of the company's sales are cash sales and 90% of the com,pany's sales are made on account. The sales on account are collected in the pattern 30% in the month of s,ale, 55% in the month following sale, and 15% is collected in the second month following sale. Calculate the total expected cash collections for the month of March.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9985921

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