Maurice Tutor

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About Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 408 Weeks Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 03 Feb 2018 My Price 5.00

Kotari Inc

Kotari Inc. found that about 15 percent of its sales during the month were for cash.
Kotari has the following accounts receivable payment experience:
Percent paid in the month of sale ……………………..20
Percent paid in the month after the sale ………………70
Percent paid in the second month after the sale ………..8
Kotari’s anticipated sales for the next few months are as follows:
April ………….. $200,000
May ……………. 240,000
June ……………. 230,000
July …………….. 246,000
August …………. 250,000

Required:
1. Calculate credit sales for May, June, July, and August.
2. Prepare a schedule of cash receipts for July and August.

Answers

Maurice Tutor
(5)
Status NEW Posted 03 Feb 2018 09:02 PM My Price 5.00

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