Big Wheel, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. Sales on account are budgeted to be $20,200 for March and $39,200 for April. What are the budgeted cash receipts from sales on account for April? $fill in the blank 1

$24950

Explanation:

The budgeted cash receipts from sales on account for April will be calculated thus:

March sales = 75% × $20200 = $15150

April sales = 25% × $39200 = $9800

Therefore, the budgeted cash receipt from sales on account for April will be:

= $15150 + $9800

= $24950

answer; (inseparability);

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi