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Abc company has sales forecasts of the following

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ABC Company has sales forecasts of the following: February=$40,000; March= $65,000. All sales are on account and are collected as follows. 20% in the current month, 50% in the month following, 25% in the second month following, and 5% uncollectible. If the total cash receipts for March equal $48,250, what is the sales forecast for January?

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Accounting Basics: Abc company has sales forecasts of the following

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Accounting Basics: Abc company has sales forecasts of the following

Reference No:- TGS02580931

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