Cash Budget College Paper Lab | collegepaperslab.com

Business Finance

Cash Budget College Paper Lab | collegepaperslab.com

Part 1-Cash Budget
           
97% of sales are credit sales.  Accounts Receivable are collected at 35% of sales  
the month of sale, 40% the following month, and 25% the third month.  
           
Sales for January:  $475,000        
Sales for February: 525,000        
Sales for March 532,000        
Sales for April 516,000        
           
Prepare cash collections for March and April      
           
From sales in Total % Collected March April
January
February
March 
April  
Total Collected

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