Solved

Caribbean Tool and Die Company's Forecasted Sales for April, May

Question 63

Multiple Choice

Caribbean Tool and Die Company's forecasted sales for April, May, June and July are $150 000, $225 000, $180 000, and $210 000, respectively. Sales are 50% cash and 50% credit with all accounts receivables collected in the month following the sale.
What are the cash collections budgeted for June?


A) $202 500
B) $112 500
C) $220 000
D) $180 000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions