Shalom Company has the following collection pattern for its accounts receivable: 40 percent in the month of sale. 50 percent in the month following the sale. percent in the second month following the sale. 2 percent uncollectible. The company has recent credit sales as follows: April 200,000 May 420,000 June 350,000 How much should the company expect to collect on its receivables in June? Amounts must be in whole numbers. Example: 88,000 or (88,000)

Shalom Company has the following collection pattern for its accounts receivable: 40 percent in the month of sale. 50 percent in the month following the sale. percent in the second month following the sale. 2 percent uncollectible. The company has recent credit sales as follows: April 200,000 May 420,000 June 350,000 How much should the company expect to collect on its receivables in June? Amounts must be in whole numbers. Example: 88,000 or (88,000)

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 18E

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