Dubuque Company has prepared the following sales budget:

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Dubuque Company has prepared the following sales budget:

 

Month               Cash Sales                   Credit Sales

February           $14,000                        $28,000

March                  12,800                        29,200

April                    10,800                         26,400

 

Collections are 40% in the month of sale, 50% in the month following the sale, and 10% two months following the sale. No uncollectible accounts are anticipated. Required: Prepare a schedule of cash collections for April.

    • 13 years ago
    Dubuque Company __correct answers !
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      dubuque_company__cash_collections.xlsx