Please answer the question What are the estimated cash receipts for March, if 20 percent of sales are cash, 40 percent are credit sales paid in the month after the sale, and 40 percent are credit sales paid 2 months after the sale? Answer it with complete solutions and explanations if needed. Thank you 3. Linguine Resto is planning its cash budget. It anticipates P30,000 in sales in January,P35,000 in February, and P35,000 in March. What are the estimated cash receipts forMarch, if 20 percent of sales are cash, 40 percent are credit sales paid in the month afterthe sale, and 40 percent are credit sales paid 2 months after the sale?

A budget can be defined as the financial plan that is used by the companies to control income and…

Answered: 3. Linguine Resto is planning its cash…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 12PB: Before the year began, the following static budget was developed for the estimated sales of 50,000....

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Please answer the question What are the estimated cash receipts for March, if 20 percent of sales are cash, 40 percent are credit sales paid in the month after the sale, and 40 percent are credit sales paid 2 months after the sale? Answer it with complete solutions and explanations if needed. Thank you

3. Linguine Resto is planning its cash budget. It anticipates P30,000 in sales in January,
P35,000 in February, and P35,000 in March. What are the estimated cash receipts for
March, if 20 percent of sales are cash, 40 percent are credit sales paid in the month after
the sale, and 40 percent are credit sales paid 2 months after the sale?

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