Budgeted sales for the Kelsey Company for the first quarter are as follows: January February March Credit Sales $250,000 $300,000 $500,000 The regular pattern of collection of credit sales is 40% in the month of sale and 60% in the month following sale. There are no bad debts. The budgeted cash collections for March would be:

$380,000

Explanation:

The computation of the budgeted cash collections for March is shown below:

= March credit sales × month of sale percentage + February credit sales × following month sale percentage

= $500,000 × 40% + $300,000 × 60%

= $200,000 + $180,000

= $380,000

We simply considered the Feb and march credit sales for finding out the cash collections

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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the interest will be $59.71

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