Explore BrainMass

Explore BrainMass

    Accounting: Cash budget.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Robot Company sells a product for $35. Budgeted sales for the first quarter of 2010 are as follows:
    January $600,000
    February 300,000
    March 900,000

    The Company collects 70% in the month of sale and 25% in the following month. 5% of all sales are uncollectible and are written off.

    What are the budgeted cash collections for March 2010?

    © BrainMass Inc. brainmass.com June 4, 2020, 12:41 am ad1c9bdddf
    https://brainmass.com/economics/personal-finance-savings/accounting-estimating-cash-budget-353181

    Solution Summary

    The problem deals with estimating the cash budget from provided information.

    $2.19

    ADVERTISEMENT