Brady, Inc. is in the process of budgeting cash inflows for the next three months. Cash sales are 10 percent of total sales each month. Historically, sales on account have been collected as follows:...


Brady, Inc. is in the process of budgeting cash inflows for the next three months. Cash<br>sales are 10 percent of total sales each month. Historically, sales on account have been<br>collected as follows: 70 percent in the month of sale, 25 percent in the month after the<br>sale, and the remaining 5 percent two months after the sale. Sales for the next three<br>months are projected as follows: April, $192,000; May, $210,000; and June, $220,000.<br>Accounts receivable on March 31 was $54,000.<br>16.<br>The expected total cash collections of Brady, Inc. in June are?<br>

Extracted text: Brady, Inc. is in the process of budgeting cash inflows for the next three months. Cash sales are 10 percent of total sales each month. Historically, sales on account have been collected as follows: 70 percent in the month of sale, 25 percent in the month after the sale, and the remaining 5 percent two months after the sale. Sales for the next three months are projected as follows: April, $192,000; May, $210,000; and June, $220,000. Accounts receivable on March 31 was $54,000. 16. The expected total cash collections of Brady, Inc. in June are?

Jun 11, 2022
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