Question

Built-tight is preparing its master budget for the quarter ended september 30, 2017. budgeted sales and cash payments for product costs for the quarter follow:

Answer 1

Answer:

Month                                         July           August     September

Monthly Cash Receipts          $55,400      $58,700      $68,500

Explanation:

                               Built Tight

Cash Receipt Budget for Quarter Ending September 30, 2017

Particulars                              July        August    September

Sales                                       55,500    71,500       56,500

Less: Credit Sales:80%          44,400    57,200       45,200

Cash Sales                               11,100       14,300        11,300

Previous month receivable     44,300     44,400     57,200

Monthly Cash Receipts           55,400    58,700      68,500