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Cottage by the sea pty ltd is a service apartment business. The management of the business is concerned about the availability of enough cash to

Cottage by the sea pty ltd is a service apartment business. The management of the business is concerned about the availability of enough cash to cover some additional expenses in the month of May. The management has approached you with the following question: If a firm has credit sales of $588,000 for March and collected its sales 55% in the month of sale and 30% in the month following the sale and 15% 2 months following the sale, how much of March sales would be collected in cash in May? (round to the nearest dollar- no decimal)

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