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Budgeting Cash Collections Lowell Consulting, which sells on terms 2 1 0 , n 3 0 , had credit sales for March and April of

Budgeting Cash Collections
Lowell Consulting, which sells on terms 210,n30, had credit sales for March and April of $135,000 and $112,500, respectively. Analysis of Lowell's operations indicates that the pattern of customers' payments on account is as follows (percentages are of total monthly credit sales):
\table[[,Receiving Discount,Beyond Discount Period,Totals],[In month of sale,40%,20%,60%
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