Budgeted sales for the 2nd quarter operations are shown in the following table:
Sales Ap...
Business, 14.03.2020 02:15 melidacampos12
Budgeted sales for the 2nd quarter operations are shown in the following table:
Sales April May June
Cash Sales $ 500
Sales on Account $ 800
The company expects a 25% increase in sales per month for May and June. Also, the company expects to collect cash from receivables in the month following the month in which the receivables are established. The amount of accounts receivable appearing on the pro forma balance sheet would be
$1,981.25.
$4,956.25.
$1,250.00
$3,050.00
Answers: 3
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