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4. Al Maha Company makes collections on sales according to the following schedule: 10% in the month of sale 50% in the month following sale 40% in the second month following sale The following sales are expected: January February Expected Sales $80,000 $100,000 March $120,000 Cash collections in March should be budgeted to be: A. $113,000 B. $90,000 C. $94,000 D. $96,000

4. Al Maha Company makes collections on sales according to the following schedule: 10% in the month of sale 50% in the month following sale 40% in the second month following sale The following sales are expected: January February Expected Sales $80,000 $100,000 March $120,000 Cash collections in March should be budgeted to be: A. $113,000 B. $90,000 C. $94,000 D. $96,000

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter8: Budgeting For Planning And Control
Section: Chapter Questions
Problem 34E: A companys sales for the coming months are as follows: About 20 percent of sales are cash sales, and...
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4. Al Maha Company makes collections on sales according to the following schedule: 10% in the month of sale 50% in the month following sale 40% in the second month following sale The following sales are expected: Expected Sales $80,000 $100,000 $120,000 January February March Cash collections in March should be budgeted to be: A. $113,000 B. $90,000 C. $94,000 D. $96,000
Transcribed Image Text:4. Al Maha Company makes collections on sales according to the following schedule: 10% in the month of sale 50% in the month following sale 40% in the second month following sale The following sales are expected: Expected Sales $80,000 $100,000 $120,000 January February March Cash collections in March should be budgeted to be: A. $113,000 B. $90,000 C. $94,000 D. $96,000
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