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3 years ago

The Khaki Corporation has the following budgeted sales data:

Business

1 answer:

Simora [160]3 years ago

3 0

The Khaki Corporation's budgeted cash receipts for April is $383,000.

Data andCalculations:

January February March April

Cash Sales $70,000 $90,000 $80,000 $70,000

Credit Sales $400,000 $350,000 $300,000 $320,000

<u>Cash collections</u>:

40% sales month $160,000 $140,000 $120,000 $128,000

50% 1st month $200,000 $175,000 $150,000

10% 2nd month $40,000 $35,000

Total collections from credit sales for April $313,000

Cash Sales $70,000 $90,000 $80,000 $70,000

Total budgeted cash receipts for April = $383,000

Thus, the budgeted cash receipts for the month of April would be $383,000.

Learn more: brainly.com/question/8707644

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