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Posted: July 1st, 2020
Units Dollars January 130 390,000
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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