Sample Cash Budgeting Solution
ACCT504 Sample Case Study 3 on Cash Budgeting Solution
It is recommended that you share this solution file in Doc Sharing by the end of Week 5 with your students.
The Cambridge Company has budgeted sales revenues as follows.
Jan Feb Mar
Credit sales $45,000 $36,000 $27,000
Cash sales 27,000 76,500 58,500
Total sales $72,000 $112,500 $85,500
Past experience indicates that 60% of the credit sales will be collected in the month of sale and the
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