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thank you Woodpecker Co. has $292,000 in accounts receivable on January 1. Budgeted sales for January are $831,000. Woodpecker Co.
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Woodpecker Co. has $292,000 in accounts receivable on January 1. Budgeted sales for January are $831,000. Woodpecker Co. expects to sell 20% of its merchandise for cash. Of the remaining 80% of sales on account, 75% are expected to be collected in the month of sale and the remainder the following month. The January cash collections from sales are
a.$574,080
b.$1,248,800
c.$765,440
d.$956,800
This one i figure it out to be C Taking the 75% first not 80%