微信扫一扫
实时资讯全掌握
Stretton makes all its sales on credit. Budgeted revenue for the next two months is:
Invoice dates are at the middle and end of each month; at each date half of the month's revenue is invoiced. Terms of sale are that payment is due in full 1 month after invoice date; 2% cash discount is allowed if payment is made within one week. As a result, 40% of invoices are settled within one week. Assume that there are 4 weeks in each month and that there are no bad debts or slow payers. What are the budgeted cash receipts from receivables in February? February receipts $________ |