A)

Cash collections for Renew Lights found that65% of sales were collected in the month of sale, 25% was collected the month after the sale, and 10% was collected the second month after the sale.

JanuaryFebruaryMarchApril$90,000$120,000$75,000$85,000

Given the sales shown, how much cash will be collected in March and April?

B)

Earthie's Shoes has55% of its sales in cashandthe remaining 45% are credit sales.

Of the credit sales,70% is collected in the month of sale,

15% is collected the month after the sale,

and10% is collected the second month after the sale.

How much cash will be collected in June if sales are estimated as $75,000 in April, $65,000 in May, and $90,000 in June?