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ipn [44]
2 years ago
10

All of Gaylord Corporation's sales are on account. Thirty-five percent of the sales on account are collected in the month of sal

e, 45% in the month following sale, and the remainder are collected in the second month following sale. The following are budgeted sales data for the company: JanuaryFebruaryMarchApril Total sales$50,000$60,000$40,000$30,000 What is the amount of cash that should be collected in March
Business
1 answer:
solmaris [256]2 years ago
7 0

Answer: $51,000

Explanation:

Thirty-five percent of the sales on account are collected in the month of sale, 45% in the month following sale, and the remainder are collected in the second month following sale.

In March therefore, the cashflow will consist of;

35% of March sales

45% of February sales

20% of January sales

= (35% * 40,000) + (45% * 60,000) + (20% * 50,000)

= 14,000 + 27,000 + 10,000

= $51,000

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Answer:

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<h3>What is rate of return?</h3>

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Read more on return on investment here: brainly.com/question/23603222

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Complete Question:

Which of these is not something to consider when trying to get a positive return on investment (ROI) for higher education?

a. The cost of attendance.

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One of the global institutions that emerged over the past 75 years is GATT which stands for the General Agreement on Tariffs and
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<h3>What is the meaning of GATT?</h3>

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