NUBD Co. has the following sales forecasts for the selected three month period in 2021: Month April May June Sales P12,000 7,000 8,000 Seventy five percent of sales are collected in the month of the...


How much cash would be collected in June from sales?



A. P7,700



B. P8,500



C. P7,750



D. P10,000


NUBD Co. has the following sales forecasts for the selected three month period in<br>2021:<br>Month<br>April<br>May<br>June<br>Sales<br>P12,000<br>7,000<br>8,000<br>Seventy five percent of sales are collected in the month of the sale, and the<br>remainder is collected in the following month.<br>Accounts receivable (April 1, 2021)<br>Cash balance (April 1, 2021)<br>P10,000<br>P5,000<br>Minimum cash balance is P5,000. Cash can be borrowed in P1,000 increments from<br>the local bank (assume no interest charges).<br>

Extracted text: NUBD Co. has the following sales forecasts for the selected three month period in 2021: Month April May June Sales P12,000 7,000 8,000 Seventy five percent of sales are collected in the month of the sale, and the remainder is collected in the following month. Accounts receivable (April 1, 2021) Cash balance (April 1, 2021) P10,000 P5,000 Minimum cash balance is P5,000. Cash can be borrowed in P1,000 increments from the local bank (assume no interest charges).

Jun 10, 2022
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