Center Company makes collections on sales according to the following schedule: 30% in the month of sale 60% in the month following sale 8% in the second month following sale The following sales are expected: Expected Sales January $ 108,000 February $ 144,000 March $ 127,000 Cash collections in March should be budgeted to be:

Center Company makes collections on sales according to the following schedule: 30% in the month of sale 60% in the month following sale 8% in the second month following sale The following sales are expected: Expected Sales January $ 108,000 February $ 144,000 March $ 127,000 Cash collections in March should be budgeted to be:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Expected Sales
January	$ 108,000
February	$ 144,000
March	$ 127,000

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