Crew Clothing (CC) sells women\'s resort casual clothing to high-end department

Question

Crew Clothing (CC) sells women's resort casual clothing to high-end department stores and in its own retail bouiques. CC expects sales for January, February, and March to be $530,00o s590,000, and S6 10.000 respectively. Twenty percent of CC's sales are cash with the remainder collected evenly over two months. During December, CCs i al sales were S84 . C is beginning its budget process and has asked for your help in preparing the cash budget Compute CC's expected cash receipts from customers for each month March Budgeted Cash Receipts

Explanation / Answer

The correct answer is :

Note :

January February March Budgeted Cash Receipts 6,54,000 5,66,000 6,02,000

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