Budgeting Cash Collections Lowell Consulting, which sells on terms 2/10, n/30, had credit sales for March and April of $60,000 and $50,000, respectively. Analysis of Lowells operations indicates that the pattern of customers payments on account is as follows (percentages are of total monthly credit sales):

					Receiving Discount	Beyond Discount Period	Totals
In month of sale								40%	20%	60%
In month of following sale					15%	20%	35%
Uncollectible accounts, returns, and allowances							5%
							100%

Determine the estimated cash collected on customers accounts in April.

$Answer