The Overland Company is preparing its cash budget for the month of June. The following information is available concerning its a
ccounts receivable: Estimated credit sales for June$332,000 Actual credit sales for May 257,000 Estimated collections in June for credit sales in June 25% Estimated collections in June for credit sales in May 65% Estimated collections in June for credit sales prior to May$50,000 Estimated write-offs in June for uncollectible credit sales 44,000 Estimated provision for bad debts in June for credit sales in June 42,000 What are the estimated cash receipts from accounts receivable collections in June
The right answer for the question that is being asked and shown above is that: "c. length of credit history." the factor that has the greatest impact in calculating FICO scores is that c. length of credit history<span> </span>
Banks are required to hold money to lend out. If you deposit $100 into your account that is $100 for the bank to lend that money out to ones who need it.
