Solution-Calculate the amount of cash that skifurn expects

Calculate the amount of cash that skifurn expects to collect

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Reference no: EM131768619

The forecasted sales pertain to Skifurn, Inc.:

Month	Sales
January	mce_markernbsp; 900,000
February	1,000,000
March	600,000
April	400,000

Collection pattern: 70 percent in month of sale; 30 percent in month following the sale

Accounts Receivable (December 31): $140,000

Finished Goods Inventory (December 31): 160,000

The company has a selling price of $10 per unit and expects to maintain ending inventories equal to 20 percent of the next month's sales.

Calculate the amount of cash that Skifurn expects to collect in February?

Reference no: EM131768619

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Calculate the amount of cash that skifurn expects to collect

Reference no: EM131768619

Reference no: EM131768619

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