Dayton has forecast sales to be $214,000 in February, $279,000 in March, $298,000 in April, and $314,000 in May. The average cos

Question

3 years ago

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Dayton has forecast sales to be $214,000 in February, $279,000 in March, $298,000 in April, and $314,000 in May. The average cos

t of goods sold is 60% of sales. All sales are made on credit and sales are collected 50% in the month of sale, 30% the month following and the remainder two months after the sale. What are budgeted cash receipts in May?

Business

1 answer:

saveliy_v [14] · Answer 1 · 2022-03-23T15:04:13+03:00

saveliy_v [14]3 years ago

6 0

Answer:

The answer is attached;

Explanation:

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