Business, 14.12.2019 05:31, navjitdosanjh20

Carruthers company expects the following total sales:

month sales
march $29,000
april $19,000
may $25,000
june $24,000
the company expects 70% of its sales to be credit sales and 30% for cash. credit sales are collected as follows: 25% in the month of sale, 67% in the month following the sale with the remainder being uncollectible and written off in the month following the sale. the budgeted accounts receivable balance on may 31 is:
a. $22,320.
b. $18,750.
c. $13,125.
d. $11,725.

Answers: 2

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Carruthers company expects the following total sales:

month sales
march $29,000