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Category > Accounting Posted 09 May 2017 My Price 4.00

Caha Corporation’s sales budget

5. Caha Corporation’s sales budget for the that half of the year is as follows: Budgeted Sales
January $ 115,000
Februaly $ 198,000
March $ 220,000
April $ 250,000
May $ 210,000
June $ 290,000
Total: $ 1,283,000 Sales are 30% cash and 70% on account. Sales on account are to be collected over a three-month period, with 20%
collected in the month of the sale, 65% collected in the that month following the sale, and 15% collected in the second month following the sale. What is the budgeted balance in the Accounts Receivable account as of June 30?
a. $184,450 1). $263,500
c. $249,400
d. $232,000

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SuperTutor
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Status NEW Posted 09 May 2017 02:05 AM My Price 4.00

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