Sales at Wildhorse are made with 70% credit and 30% cash in the month of January.
What are the benefits of budgeting in business?
The foundation of your success as well as security as a whole is your budget. It enables you to monitor and better comprehend whether your company is bringing in enough money to cover its costs. You can make better financial decisions by using a budget.
10% of credit Wildhorse company's sales are collected in the month of the sale, 50% in the month after the sale, and 36% in the second month after the sale; 4% of credit sales are not collectible. 50% of Wildhorse's purchases are made with cash and 50% on credit.
Therefore, 40% is paid by the Wildhorse company for purchases made on account in the month of purchase, and 60% is paid in the month that follows.
Learn more about the budget from the given link.
https://brainly.com/question/15776749
#SPJ4
