Budgeting Cash Collections Lowell Consulting, which sells on terms 2/10, n/30, had credit sales for March and April of $165,000 and $137,500, 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):

					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