Budgeted sales for the next four quarters are: Q1 = £60,000, Q2 = £80,000, Q3 = £95,000, Q4 = £112,00O.It is estimated that sales will be paid for in the following manner:75% received in the quarter a sale is made;15% received one quarter after a sale was made;10% received two quarters after a sale was made.How much cash will be received in quarter three?O £89,250O £82,125O £87,550O £85,400

Computation of Cash Received in Quarter 3 Quater 3 75% received in the month the sale is…

Budgeted sales for the next four quarters are: Q1 = £60,000, Q2 = £80,0 is estimated that sales will be paid for in the following manner: '5% received in the quarter a sale is made; .5% received one quarter after a sale was made; 0% received two quarters after a sale was made. How much cash will be received in quarter three? O £89,250 O £82,125

Budgeted sales for the next four quarters are: Q1 = £60,000, Q2 = £80,0 is estimated that sales will be paid for in the following manner: '5% received in the quarter a sale is made; .5% received one quarter after a sale was made; 0% received two quarters after a sale was made. How much cash will be received in quarter three? O £89,250 O £82,125

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 34E: A companys sales for the coming months are as follows: About 20 percent of sales are cash sales, and...

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