Description of this paper

Assume you are planning to make $500,000 in sales during January.

Description

solution


Question

Assume you are planning to make $500,000 in sales during January. History tells you that you generally collect 50% of your sales in the month the sale takes place, 35% in the month after the sale, and remaining 14% in the second month after the sale. The final 1% is generally not collectible. What would your budgeted cash collections be, by month, for your January sales?

 

Paper#34108 | Written in 18-Jul-2015

Price : $27
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