Business, 31.12.2019 01:31, Flamingmaster99

Drew enterprises reports all its sales on credit, and pays operating costs in the month incurred. estimated amounts for the months of june through october are:

june july august september october
budgeted sales $310,000 $330,000 $300,000 $280,000 $260,000
budgeted purchases $144,000 $120,000 $128,000 $132,000 $90,000
• customer amounts on account are collected 60% in the month of sale and 40% in the following month.
• cost of goods sold is 45% of sales.
• drew purchases and pays for merchandise 30% in the month of acquisition and 70% in the following month.

how much cash is budgeted to be received during august?

Answers: 2

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Drew enterprises reports all its sales on credit, and pays operating costs in the month incurred. es...