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Author Question: Wright's sales budget for the third quarter of the upcoming year shows budgeted sales of $465,000, ... (Read 60 times)

parker123

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on: Feb 5, 2023
Wright's sales budget for the third quarter of the upcoming year shows budgeted sales of $465,000, $525,000, and $487,500 in July, August, and September, respectively. All sales are made on credit. The cash receipts budget for September shows total cash receipts equal to $459,975. Wright grants a discount to customers who pay within 10 days of the invoice. Wright 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 Wright, and what are the cash collections in September associated with September sales?
◦ 3%; $381,225
◦ 2%; $384,150
◦ 3%; $283,725
◦ 2%; $477,750
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by parker123 on Feb 5, 2023

gwisel

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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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parker123

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

kswal303

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Reply 3 on: Yesterday
Excellent

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