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Author Question: Three Sisters Catering prepared the following sales budget:MonthCash SalesCredit SalesMarch $20,000 ... (Read 125 times)

bcretired

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Three Sisters Catering prepared the following sales budget:

MonthCash SalesCredit Sales
March $20,000 $10,000
April $36,000 $16,000
May $42,000 $40,000
June $54,000 $48,000

Credit collections are 35% in the month of sale, 55% in the month following the sale, and 10% two months following the sale. The remaining 5% is expected to be uncollectible.


What are the total cash collections in June at Three Sisters Catering?
◦ $96,900
◦ $94,400
◦ $38,000
◦ $85,600


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Marked as best answer by bcretired on Jan 5, 2020

cegalasso

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bcretired

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Reply 2 on: Jan 5, 2020
:D TYSM


Sarahjh

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Reply 3 on: Yesterday
Excellent

 

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