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Posted: June 15th, 2022
Units DollarsJanuary 130 390,000February 120 360,000 March 110 330,000 April 90 270,000 May 100 300,000June 125 375,000Total 675 2,025,000Total sales consist of 25% cash sales, 30% credit cards sales and 45% sales on account. The cash sales and cash from credit cards sales are received in the month of sale. Credit card sales are subject to a 4% discount. The cash receipts for sales on account are 70% in the month following the sale and 28% in the second month after the sale. The remaining 2% are estimated to be uncollectable.how do you calculate the cash collections for april
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