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Author Question: Accountants at Shell Company have prepared the sales budget for the first quarter of the upcoming ... (Read 31 times)

knemetz3

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on: Feb 5, 2023
Accountants at Shell Company have prepared the sales budget for the first quarter of the upcoming year. February sales are budgeted at $175,000. All sales are made on credit. The cash receipts budget for March shows total cash receipts equal to $148,390. Shell grants a 2% discount to customers who pay within 10 days of the invoice. Shell collects 60% of sales within the discount period, 20% in the month of sale but outside the discount period, 15% in the month following sale and the remainder is uncollectible. What are the budgeted sales for March (if necessary, round your answer to the nearest dollar)?
◦ $193,958
◦ $221,625
◦ $314,795
◦ $155,000
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by knemetz3 on Feb 5, 2023

MistyHubbard

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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knemetz3

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Reply 2 on: Feb 5, 2023
Great answer, keep it coming :)

ryhom

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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