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The following is the sales budget for Trickle, Inc. for the first quarter of 2009.

Jan - $235,000

Feb - $260,000

March - $295,000

Credit sales are collected as follows:

65% in month of sale

20% in month after sale

15% in 2nd month after sale

The A/R balance at the end of the previous quarter was $173,000 ($136,000 of which was uncollected December sales).

A) Compute Sales for November

B) Compute Sales for December

C) Compute the Cash collections from sales for ech month from Jan - March

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M942287

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