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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
Feeney Furniture prepared the following sales budget:

Month   Cash Sales   Credit Sales
March   $20,000   $10,000
April   $36,000   $16,000
May    $42,000   $40,000
June   $54,000   $48,000

Credit collections are 15% two months following the sale, 50% in the month following the sale, and 30% in the month of sale. The remaining 5% is expected to be uncollectible.

What is the total cash received in April from the April sales at Feeney Furniture?
A) $4,800
B) $3,000
C) $39,000
D) $40,800
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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8 years ago
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bernie2981 Author
wrote...
#2
8 years ago
Answers my question perfectly.
wrote...
#3
3 years ago
thank you
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