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The following credit and cash sales (respectively) are budgeted by P

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The following credit and cash sales (respectively) are
budgeted by Polex Electronics:
Credit Cash
January $124,000
February 120,000
March 135,000
April 140,000
May 142,000
The company\'s past experience indicates that 50% of the
accounts receivable are collected in the month of sale,
30% in the month following the sale, and 18% in the
second month following the sale. How much does the
company anticipate as cash receipts for March?
Solution
for march thet expect 18 % of january crdit sales and 30 %
of febuary sales and 50 % of march credit sales
= 18 % of 124000 + 30 5 %f 120000 + 50 % of 135000 +
5000 =133201

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The following credit and cash sales (respectively) are budgeted by Polex Electronics: Credit Cash January $124,000 February 120,000 March 135,000 April 140,000 May 142,000 The company\'s past experience indicates that 50% of the accounts receivable are collected in the month of sale, 30% in the mont ...
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