Best Buy sales for any given month are 20% cash and 80% credit. Of the credit sales, half are collected the month after the sale and half are collected two months after the sale. When doing a February cash collections budget, which months need to be considered in your calculations?

To determine the cash collection for February, you have to consider the sales on account form previous months.

Explanation:

To determine the cash collection for February, you have to consider the sales on account form previous months.

Cash Collection February:

Sales in cash= ($X*0.2)=

Sales on account:

From January= ($X*0.8)*0.5=

From December= ($X*0.8)*0.5=

Total cash=

answer; (a) searching for information can be done quickly;

answer; by looking at total product,marginal product,and changes in both after changes in inputs