Question

Built-tight is preparing its master budget for the quarter ended september 30, 2017. budgeted sales and cash payments for product costs for the quarter follow:

Answer 1

Month July August September

Monthly Cash Receipts $55,400 $58,700 $68,500

Step-by-step explanation:

Built Tight

Cash Receipt Budget for Quarter Ending September 30, 2017

Particulars July August September

Sales 55,500 71,500 56,500

Less: Credit Sales:80% 44,400 57,200 45,200

Cash Sales 11,100 14,300 11,300

Previous month receivable 44,300 44,400 57,200

Monthly Cash Receipts 55,400 58,700 68,500