| he following is the sales budget for Segura, Inc., for the first quarter of 2013: |
| January | February | March | |
| Sales budget | $139,000 | $156,000 | $171,000 |
| Credit sales are collected as follows: |
| 60 percent in the month of the sale |
| 30 percent in the month after the sale |
| 10 percent in the second month after the sale |
| The accounts receivable balance at the end of the previous quarter was $98,000 ($80,400 of which was uncollected December sales). Compute the sales for November. |
Calculation for the sale of november is as follow
we have been provided that sale are collectable
10 percent in the second month after the sale and 30 percent in the month after the sale
now The accounts receivable balance at the end of the previous quarter was $98,000 ($80,400 of which was uncollected December sales).
so november month amount is as follow
| amount | |
| Total | 98,000 |
| Less : December | 80,400 |
| November | 17,600 |
So november month amount is 17,600 which is 10% of that month credit sale
so Total sale of november moth is 17600/10%, = $ 176,000
sales for November.= $ 176,000
