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A company's sales price per unit is $16. It has the following sales: Jan Feb 530 400 Mar 575 Apr May 460 430 Sixty
A company's sales price per unit is $16. It has the following sales: Jan Feb 530 400 Mar 575 Apr May 460 430 Sixty percent of sales are cash. Of the credit sales, 52 percent is collected in the month of the sale, 40 percent is collected during the following month, and 8 percent is never collected. Required: Calculate total cash receipts for April and May. Note: Do not round your intermediate calculations. Round your answers to the nearest whole dollar. Total Cash Receipts April May
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