Budgeted sales in Acer Corporation over the next four months are given below: September October November December Budgeted sales $140,000 $150,000 $170,000 $130,000Twenty-five percent of the company's sales are for cash and 75% are on account. Collections for sales on account follow a stable pattern as follows: 50% of a month's credit sales are collected in the month of sale, 30% are collected in the month following sale, and 15% are collected in the second month following sale. The remainder are uncollectible. Given these data, cash collections for December should be: $119,500 $98,125 $136,375 $103,875
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Home » Business » Budgeted sales in Acer Corporation over the next four months are given below: September October November December Budgeted sales $140,000 $150,000 $170,000 $130,000Twenty-five percent of the company's sales are for cash and 75% are on account.