Business, 31.03.2021 06:20 waterbug7571

Elmo has forecast sales to be $125,000 in February, $135,000 in March, $150,000 in April, and $140,000 in May. The average cost of goods sold is 70% of sales. All sales are made on credit and sales are collected 60% in the month of sale, and 40% the month following. What are the budgeted cash receipts in April?

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Elmo has forecast sales to be $125,000 in February, $135,000 in March, $150,000 in April, and $140,0...

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