For businesses, you can use Quickbooks to manage financial records like payments, expenses, inventory, etc.
This is an advantage because report writing becomes easier to manage, automated tax calculations, and increased accuracy.
The answer is D. All of the above
Answer:
$157,000
Explanation:
The calculation of estimated cash receipts from accounts receivable collections in May is shown below:-
Collections from sales of may = $200,000 × 20%
= $40,000
Collections from sales of April = $150,000 × 70%
= $105,000
Collections from sales of prior period = $12,000
Estimated Collections in May month = Collections from sales of may + Collections from sales of April + Collections from sales of prior period
= $40,000 + $105,000 + $12,000
= $157,000
So, for computing the estimated collection in may month we simply applied the above formula.
one of them on the top right cornor is beast
