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natima [27]
2 years ago
14

Soup Inc. has the following budgeted sales: January $60,000, February $80,000, and March $90,000. 40% of the sales are for cash

and 60% are on credit. For the credit sales, 75% are collected in the month of sale, and 25% the next month. The total budgeted cash receipts for March are:
Business
2 answers:
kupik [55]2 years ago
8 0

$561000
Given: $60,000 in January, $80,000 in February, and $90,000 in March. 60 percent of sales are made with credit, while 40 percent are made in cash. For credit sales, 75% of the money is collected in the month of the sale and 25% in the next month.
Cash receipts March:

Sales in cash March= (90,000*0.4)= 36000

Sales on account March= (90,000*0.6)*7.5= 405000

Sales on Account February= (80,000*0.6)*2.5= 120000

Total budgeted cash= $561000
The total budgeted cash receipts for March are $561000
Read more about budgeted cash receipts on- brainly.com/question/18849290
#SPJ4

almond37 [142]2 years ago
7 0

Answer:

lociento esta en ingles

Explanation:

lociento

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we can do this by using the present value of an annuity formula

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