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A company's sales price per unit is $16. It has the following sales Jan 530 Feb 4410 Mar 575 Apr .1543 May 430 Sixty percent
A company's sales price per unit is $16. It has the following sales Jan 530 Feb 4410 Mar 575 Apr .1543 May 430 Sixty percent ofsales are cash. 0fthe credit sales, 52 percent IS collected in the month of the sale, 40 percent is collected during the following month, and 8 percent i5 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
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