Avril company makes collections

Assignment Help Financial Accounting

Reference no: EM13923861

Avril Company makes collections on sales according to the following schedule:

45% in the month of sale

51% in the month following sale

4% in the second month following sale

The following sales are expected:

	Expected Sales
January	$190,000
February	$180,000
March	$170,000

Cash collections in March should be budgeted to be:

$175,900

$170,760

$170,000

$168,300

Reference no: EM13923861

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