Business, 04.04.2020 07:58 Tristanana

Blue has forecast sales to be $429,000 in February, $559,000 in March, $599,000 in April, and $639,000 in May. The average cost of goods sold is 60% of sales. All sales are made on credit and sales are collected 50% in the month of sale, 30% the month following and the remainder two months after the sale. What are budgeted cash receipts in May

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Blue has forecast sales to be $429,000 in February, $559,000 in March, $599,000 in April, and $639,0...

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