Answered

Welcome to Westonci.ca, where curiosity meets expertise. Ask any question and receive fast, accurate answers from our knowledgeable community. Get quick and reliable solutions to your questions from a community of experienced professionals on our platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

Black Horse Transportation's sales budget for the first quarter follows: January$125,000 February 300,000 March290,000 All sales are on account (credit) with 50% collected in the month of sale, 30% collected in the following month after sale, and 20% collected in the second month after sale. There are no uncollectable accounts. The March cash receipts are:

Sagot :

Zviko

Answer:

$260,000

Explanation:

Cash Receipts Calculation - March

March Credit Sales ($290,000 x 50%)          $145,000

February Credit Sales ($300,000 x 30%)      $90,000

January Credit Sales ($125,000 x 20%)         $25,000

Total                                                                $260,000

Therefore,

The March cash receipts are $260,000

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.