The budgeted Accounts Receivable

The following is the sales budget for the given months of BCO Pte Ltd:

Cash Sales Credit Sales

Don't use plagiarized sources. Get Your Custom Essay on
The budgeted Accounts Receivable
Just from $13/Page
Order Essay

March $60,000 $232,000

April $34,000 $219,000

May $43,000 $224,000

June $48,000 $290,000

July $58,000 $222,000

Additional information to be used determining the expected cash collections each month that will be used in preparing the cash budget:

Collections on Credit sales:

60% in month of sale

30% in month following sale

10% in second month following sale

The Accounts Receivable balance on March 1 was $60,000 Of this amount, $40,000 represented uncollected February sales and $20,000 represented uncollected January sales Part 1:

What is the expect cash to be collected in March? $Answer

Part 2:

The budgeted Accounts Receivable on July 1 would be: Answer

Place Order
Grab A 14% Discount on This Paper
Pages (550 words)
Approximate price: -
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Try it now!

Grab A 14% Discount on This Paper

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.