Manu has forecast sales to be $32,000 in February, $41,400 in March, $53,200 in April,...
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Accounting
Manu has forecast sales to be $32,000 in February, $41,400 in March, $53,200 in April, and $58,600 in May. 64% of sales are on made on credit, the rest are for cash. The sales on credit are collected 30% in the month of sale, and 70% the month following. What are the total budgeted cash receipts in March? What is the accounts receivable balance as of April 30 ? Prepare the cash receipts budget Item Calculation Amount
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