accounts and manerging

Q2. Monty Corporation, a merchandising company, has provided the following budget data: Collections from customers are normally T'l in the month of sale, 20% in the month following the sale, and 9% in the second month following the sale. The balance is expected to be uncollectible. Monty pays for purchases in the month following the purchase. Cash disbursements for expenses other than merchandise purchases are expected to be $14,400 for May. Monty's cash balance at May 1 was $22,011]. Required: a. Compute the Md cash collections dw' Mag. . m h l