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3. (a). The sales budget of Carson Industries projects the following sales for January through May: $235,000 January.... February March April. May... 250,000 212,000 220,000
3. (a). The sales budget of Carson Industries projects the following sales for January through May: $235,000 January.... February March April. May... 250,000 212,000 220,000 on sells 30% of its merchandise to cash customers. Of the sales on credit, 75% are collected in the month after the sale, and 25% are collected in the second month after the sale. Determine the amount of cash that C the months of March, April, and May. arson will collect from cash sales and accounts receivable during
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