Accounting MCQ
Accounting Chapter 8
The Kaufusi Company has the following budgeted sales: The regular pattern of collection of credit sales is 30% in the month of sale, 60% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts.: The budgeted cash receipts for July would be:
The Kaufusi Company has the following budgeted sales: The regular pattern of collection of credit sales is 30% in the month of sale, 60% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts.: The budgeted cash receipts for July would be:
The Kaufusi Company has the following budgeted sales:
The regular pattern of collection of credit sales is 30% in the month of sale, 60% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts.: The budgeted cash receipts for July would be:
A. $400,000
B. $430,000
C. $435,000
D. $390,000
Answer: B
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