Solution-Calculate xyz company budgeted accounts receivable

Calculate xyz company budgeted accounts receivable

Reference no: EM132182018

Question - Shown below are the expected sales for XYZ Company:

	Sales for Cash	Sales on Account
January	$22,000	$118,000
February	$19,000	$146,000
March	$26,000	$133,000
April	$21,000	$127,000

On average, 65% of the sales on account are collected in the month of sale, 27% are collected in the month following sale, and the remaining 8% are collected two months after the month of sale.

Calculate XYZ Company's budgeted accounts receivable at April 30.

Reference no: EM132182018

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Calculate xyz company budgeted accounts receivable

Reference no: EM132182018

Reference no: EM132182018

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