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Author Question: Starfish Industries' sales budget for the first quarter of the upcoming year shows budgeted sales of ... (Read 76 times)

moore.cailinf

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on: Feb 5, 2023
Starfish Industries' sales budget for the first quarter of the upcoming year shows budgeted sales of $325,000, $350,000, and $310,000 in January, February, and March, respectively. All sales are made on credit. The cash receipts budget for March shows total cash receipts equal to $296,780. Starfish grants a discount to customers who pay within 10 days of the invoice. Starfish 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 is the discount offered by Starfish, and what are the cash collections in March associated with March sales?
◦ 1.5%; $183,210
◦ 2%; $182,280
◦ 1.5%; $245,210
◦ 2%; $244,280
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by moore.cailinf on Feb 5, 2023

jojomac20

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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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moore.cailinf

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

marict

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

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