Business
Business, 12.11.2019 04:31, macnasiahamiel

The lapann company has obtained the following sales forecast data: july august september octobercash sales $80,000 $70,000 $50,000 $60,000credit sales 240,000 220,000 180,000 200,000the regular pattern of collection of credit sales is 20% in the month of sale, 70% in the following the month of sale and the remainder in the second month following the month of sale. there are no bad debts. required: 1. the budgeted accounts receivable balance on september 30 is: a) $126,000b) $148,000c) $166,000d) $190,0002. the budgeted cash receipts for october are: a) $188,000b) $248,000c) $226,000d) $278,0003. pitkins company collects 20% of a month's sales in the month of sale, 70% in the month following sale and 6% in the second month following sale. the remainder is uncollectible. budgeted sales for the next four months are: january february march aprilbudgeted sales $200,000 $300,000 $350,000 $250,000cash collections in april are budgeted to be: a) $321,000b) $313,000c) $320,000d) $292,000

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The lapann company has obtained the following sales forecast data: july august september octobercash...

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