15.34 - 2,5 6 6,4 $ 3 , 8 4 12,8 May sales . 3,2 8,0 11,2...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
15.34 (30 min) Budgeting cash receipts a. Revenue is as follows: January $16,0 0 0 5 wed ding s x $3,20 0 February $9,60 0 3 wed ding s x $3,20 0 March $6,40 0 2 wed ding s x $3,20 0 April $12,8 0 0 4 wed ding s x $3,20 0 May $16,0 0 0 5 wed ding s x $3,20 0 June $48,0 0 0 15 wed ding s x $3,20 0 b. Cash receipts are as follows: T HE W EDDING P LACE Schedule of Cash Receipts Cash Receipts in Month of: Total Cash Receipts for Januar y Februa ry March April Period January sales…………… $ 4 $ 4
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
. , 8 0 0 , 8 0 0 February sales…………. .. 4,8 0 0 $2,8 8 0 7,6 8 0 March sales…………… …. 1,2 8 0 3,2 0 0 $ 1 , 9 2 0 6,4 0 0 April sales……………
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 2,5 6 6,4 $ 3 , 8 4 12,8 May sales . 3,2 8,0 11,2 June sales ... 9,6 9,6 Total cash collections $10,8 8 $8,6 4 $11,5 2 $21,4 4 $52,4 8 b } L a $4,800 = 16,000 x 30% b $4,800 = $9,600 x 50% c $1,280 = $6,400 x 20% This pattern is repeated in subsequent months....
View Full Document

This note was uploaded on 11/25/2010 for the course ACCT 33010 taught by Professor Staff during the Spring '08 term at Kent State.

Page1 / 2

15.34 - 2,5 6 6,4 $ 3 , 8 4 12,8 May sales . 3,2 8,0 11,2...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online