The Alpha CD Company's budgeted income statement reflects the following amounts: January February March April Sales P120,000 110,000 125,000 130,000 Purchases P78,000 66,000 81,25 84,500 Expenses P24,000 24,200 27,000 28,600 Sales are collected 50% in the month of sale, 30% in the month following sale, and 19% in the second month following sale. One percent of sales is uncollectible and expensed at the end o the year.
The Alpha CD Company's budgeted income statement reflects the following amounts: January February March April Sales P120,000 110,000 125,000 130,000 Purchases P78,000 66,000 81,25 84,500 Expenses P24,000 24,200 27,000 28,600 Sales are collected 50% in the month of sale, 30% in the month following sale, and 19% in the second month following sale. One percent of sales is uncollectible and expensed at the end o the year.
Chapter4: Financial Planning And Forecasting
Section: Chapter Questions
Problem 5P
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Question
Alpha CD's budgeted cash receipts in February are:
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