R Company sells a product for £35. Budgeted sales for the first quarter of 2010 are as follows: January £600,000, February £240,000, March £900,000.The company collects 70% in the month of sale and 25% in the following month. Five percent of all sale are uncollectible and are written off. Budgeted cash receipts for March are _____.
a) £600,000
b) £690,000
c) £900,000
d) £360,000
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(c) is correct answer
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