83. CSO: 1A4b LOS: 1A4x
Data regarding Johnsen Inc.’s forecasted dollar sales for the last seven months of the year
and Johnsen’s projected collection patterns are as follows.
Forecasted sales
June $700,000
July 600,000
August 650,000
September 800,000
October 850,000
November 900,000
December 840,000
Types of sales
Cash sales 30%
Credit sales 70%
Collection pattern on credit sales (5% determined to be uncollectible)
During the month of sale 20%
During the first month following the sale 50%
During the second month following the sale 25%
Johnsen’s budgeted cash receipts from sales and collections on account for September are
a. $635,000.
b. $684,500.
c. $807,000.
d. $827,000.
Bạn đang xem 83. - CMA EXAM SUPPORT PACKAGE 1
