Top Posters
Since Sunday
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
wasala18 wasala18
wrote...
Go to Answer
Posts: 168
Rep: 0 0
4 months ago
Majestic Industries Ltd. collects 30% of a month's sales in the month of sale, 50% in the month following sale, and 15% in the second month following sale. The company has found that 5% of their sales are uncollectible. Budgeted sales for the upcoming four months are:

March budgeted sales $310,000
April budgeted sales $280,000
May budgeted sales $330,000
June budgeted sales $285,000

The amount of cash that will be collected in June is budgeted to be

▸ $285,500.

▸ $250,500.

▸ $85,500.

▸ $292,500.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
Author:
Read 47 times
1 Reply
Replies
Answer verified by a subject expert
kinnigitkinnigit
wrote...
#1
Posts: 137
Rep: 1 0
4 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

wasala18 Author
wrote...

4 months ago
Correct Slight Smile TY
ezsancheezy
wrote...

Yesterday
Just got PERFECT on my quiz
missnoname
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1075 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 238
  
 167
  
 209
Your Opinion
Where do you get your textbooks?
Votes: 447
Previous poll results: Which of the following is the best resource to supplement your studies: