Question

Calculate the Budgeted Cash Receipts from Customers for the month of January. PLAID Company sales for January 2023 are expected to be: January 2023: $10,000,000 Additional Information: December 2022 Sales: $11,000,000 Sales are 50% Cash Sales and 50% Credit Sales. Customers Accounts are normally collected in the following manner: • 50% are paid in the month of sale • 45% are paid in the month directly following the sale. • 5% are uncollected Required: Calculate the TOTAL Budgeted Cash Receipts for the month of January. Format Payments from Sales in TOTAL cash receipts Collections: January

          Calculate the Budgeted Cash Receipts from Customers for the month of January.
PLAID Company sales for January 2023 are expected to be:
January 2023:  $10,000,000
Additional Information:
December 2022 Sales:  $11,000,000
Sales are 50% Cash Sales and 50% Credit Sales.
Customers Accounts are normally collected in the following manner:
• 50% are paid in the month of sale
• 45% are paid in the month directly following the sale.
• 5% are uncollected
Required: Calculate the TOTAL Budgeted Cash Receipts for the month of January.
Format
Payments from Sales in
TOTAL cash receipts
Collections:
January

Calculate the Budgeted Cash Receipts from Customers for the month of January.
PLAID Company sales for January 2023 are expected to be:
January 2023: 10,000,000
Additional Information:
December 2022 Sales:11,000,000
Sales are 50% Cash Sales and 50% Credit Sales.
Customers Accounts are normally collected in the following manner:
• 50% are paid in the month of sale
• 45% are paid in the month directly following the sale.
• 5% are uncollected
Required: Calculate the TOTAL Budgeted Cash Receipts for the month of January.
Format
Payments from Sales in
TOTAL cash receipts
Collections:
January

Added by Mariano F.

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