This is in relation to Monthly Cash Receipts Schedule:?
Submitted by admin on August 30, 2010 – 9:56 amNo Replies
A web user asks, Monthly Cash Receipts
Sales 190K, Credit Sales (70%) 133K, Cash Sales 57K,Collections 40% (1 month): 53,200, Collections 60k (2 months) 79,800 – How did someone compute a total cash receipt figure of $146,600? using the above figures? I have tried EVERY combination and no luck. HELP – unless my friend’s answer is wrong…she figured it but wants be to figure out the computation myself.
Can you help them out? Post your advice!
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