Oakton Furniture provided the following information relevant to its sales for December Year 1 and the first quarter of Year 2: Dec. Year 1Jan. Year 2Feb. Year 2Mar. Year 2 (Actual)(Budgeted)(Budgeted)(Budgeted)Credit sales$120,000 $280,000 $310,000 $220,000 Cash Sales$20,000 $50,000 $60,000 $24,000 Based on the company's collection history, 42% of credit sales are collected in month of sale and the remainder is collected in the following month. Total budgeted cash receipts in February are expected to be:
A. $228,000.
B. $352,600.
C. $60,000.
D. $162,400.
Answer: B
Business
You might also like to view...
The decision by Toyota executives to introduce the Sienna minivan in the U.S. market was based on their study of a(n) ________ market
A) existing B) latent C) parallel D) incipient E) global
Business
In coalition research, how is the commons dilemma avoided?
What will be an ideal response?
Business
Most e-mail messages should be organized using the direct strategy
Indicate whether the statement is true or false
Business
Approximate the percentage of these internet users who are women
Business