This topic contains a solution. Click here to go to the answer

Author Question: Accountants at Shell Company have prepared the sales budget for the first quarter of the upcoming ... (Read 53 times)

knemetz3

  • Full Member
  • ***
  • Posts: 149
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by knemetz3 on Feb 5, 2023

MistyHubbard

  • Full Member
  • ***
  • Posts: 174
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.
Answer Preview
Only 25% of students answer this correctly




knemetz3

  • Member
  • Posts: 149
Reply 2 on: Feb 5, 2023
Great answer, keep it coming :)


nguyenhoanhat

  • Member
  • Posts: 332
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

For a complete list of videos, visit our video library