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kondor19780726 [428]
3 years ago
14

The BRS Corporation makes collections on sales according to the following schedule: 30% in month of sale 60% in month following

sale 10% in second month following sale The following sales have been budgeted: Sales April $ 140,000 May $ 130,000 June $ 150,000 Budgeted cash collections in June would be:
Business
1 answer:
postnew [5]3 years ago
6 0

Answer:

$137,000

Explanation:

The computation of Budgeted cash collections in June is shown below:-

June sales collected in June = June Sales × Sale percentage

= $150,000 × 30%

= $45,000

May sales collected in June = May sales × Following month percentage

= $130,000 × 60%

= $78,000

April sales collected in June = June sales × Following second month percentage

= $140,000 × 10%

= $14,000

Total cash collections in June =June sales collected in June + May sales collected in June + April sales collected in June

= $45,000  + $78,000  + $14,000

= $137,000

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7 0
3 years ago
​ Chandra sues Martin for breach of contract. Both parties have completed discovery. Chandra now wants her attorney to file a mo
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8 0
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The type of funding obtained by Setsuko is the line of credit.

The following information should be relevant for the line of credit:

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Since in the given situation, it is mentioned that:

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Therefore we can conclude that the type of funding obtained by Setsuko is the line of credit.

Learn more about the line of credit here: brainly.com/question/17937007

3 0
3 years ago
Explain what you might do if you find that your expenses are greater than your income
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You'll have to cut back your expenses to not drive yourself into debt. 
Another option would be to find an additional job or another job that can support your expenses.

Hope this helps!
7 0
3 years ago
Read 2 more answers
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