Answered

Experience the power of community-driven knowledge on IDNLearn.com. Get prompt and accurate answers to your questions from our community of knowledgeable experts.

Experience has shown that 60% of sales are collected in the month of sale and 40% are collected the month after sale. Calculate expected cash collections for the month of april.

Sagot :

Ayokenny2001idn

The expected cash collections for ABC, Inc's expected sales for the month of April is $156,000

What is budgeting?

Budgeting is the tactical implementation of a business plan. It is the process of creating a plan to spend your money.

Given the information above,

= Expected sales in March * 60% of sales are collected in the month of sale

= 160,000 X .60

= $96,000

= Expected sales in Feb * 40% cash collected the month after sale

= 150,000 X .40

= $60,000

Expected cash collections for ABC

= $96,000 + $60,000

= $156,000

Hence, the expected cash collections for ABC, Inc's expected sales for the month of April is $156,000

Learn more about budgeting here : https://brainly.com/question/15417849

We appreciate your participation in this forum. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. IDNLearn.com is committed to your satisfaction. Thank you for visiting, and see you next time for more helpful answers.