15.35 - ……. .. 4,68 14,0 4 $ 4 , 2 1 2 22,9 3 2 June

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15.35 (30 min) Budgeting cash receipts a. Revenues are as follows: March $ 2 , 5 0 0 .5 c a ll s 100 subscri bers April 6,00 0 1.0 c a ll 120 subscri bers May 23,40 0 1.8 c a ll s 260 subscri bers June 33,00 0 2.2 c a ll s 300 subscri bers July 30,00 0 2.0 c a ll s 300 subscri bers August 23,80 0 1.7 c a ll s 280 subscri bers Collections of these revenues are expected according to the following schedule: P OOLSIDE , I NC . Schedule of Cash Receipts Total
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Cash Receipts in Month of: Cash Receipts May June July Augus t for Period March sales……………. .. ….... $ 4 5 0 $4 5 0 April sales……………… ……. . 3,60 0 $ 1 , 0 8 0 4,6 8 0 May sales………………
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Unformatted text preview: ……. .. 4,68 14,0 4 $ 4 , 2 1 2 22,9 3 2 June sales……………… ……. 6,6 19,8 $ 5 , 9 4 32,3 4 July sales……………… ……. . 6,0 18,0 24,0 August sales……………… … 4,7 6 4,7 6 Total cash collections $8,73 $21,7 2 $30,0 1 2 $28,7 $89,1 6 2 a $450 = 18% x $2,500 b $3,600 = 60% x $6,000 c $4,680 = 20% x $23,400 This pattern is repeated in subsequent months....
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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.

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15.35 - ……. .. 4,68 14,0 4 $ 4 , 2 1 2 22,9 3 2 June

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