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A business has two types of clients, small and large. 40% of clients are small clients. Sales forecast for the rst half of the next
A business has two types of clients, small and large. 40% of clients are small clients. Sales forecast for the rst half of the next year is as follows: Month January February March April May June Historical patterns of billing receipts are presented as follows: During month of service During month following service During second month following service Uncollectable What is the expected amount of cash received in May? Estimated $4,500,00 5,000,000 5,500,000 5,700,000 5,800,000 5,500,000 Small 20% 50% 20% 10%
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