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mixer [17]
3 years ago
7

Trumbull Corporation budgeted sales on account of $120,000 for July, $211,000 for August, and $198,000 for September. Experience

indicates that none of the sales on account will be collected in the month of the sale, 60% will be collected the month after the sale, 36% in the second month, and 4% will be uncollectible. The cash receipts from accounts receivable that should be budgeted for September would be:
Business
1 answer:
Veseljchak [2.6K]3 years ago
5 0

Answer:

$169,800

Explanation:

Data provided

Second month percentage = 36%

July sales = $120,000

Collected the month after the sale = 60%

August sales = $211,000

The computation of cash receipts from accounts receivable is shown below:-

The budgeted cash collections  September = (Second month percentage × July sales) + (Collected the month after the sale × August sales)

= ( 36% × $120,000) + (60% × $211,000)

= $169,800

Therefore we applied the above formula.

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Answer: unemployment rate depends solely on the size of labor force and every country has different labor force sizes.

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Brandi is discussing an important issue with a colleague, Antoinette, and wants to convey a positive attitude. One way for her t
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If Brandi wants to convey a positive attitude. One way for her to do that is by : facing Antoinette directly.

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3 years ago
Who was the first person to designate pitches and write them down on a staff? hildegard von bingen the troubadour attila guido d
erastovalidia [21]
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Advice from most financial advisers states to spend no more than 28% of one's gross monthly income for one's mortgage payment, a
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Answer and Explanation:

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= $39,600 ÷ 12 months × 28%

= $924

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3 years ago
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