$6.00 Orion Corporation is preparing a cash budget for the six months beginning January 1Found in Education: General-Education
Chapter 1, # 0
Orion Corporation is preparing a cash budget for the six months beginning January 1. Shown below are the company's expected collection pattern and the budgeted sales for the period.
Expected collection pattern:
65% collected in the month of sale
20% collected in the month after sale
10% collected in the second month after sale
4% collected in the third month after sale
The estimated total cash collections during April from sales and accounts receivables would be:
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- Posted on Feb 22, 2012 at 10:57:47PM