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Details regarding Colsons sales for the first 6 month of the year are as follows: Estimated Monthly Sales Jan 650000 Feb 700000 Mar 625000 april
Details regarding Colsons sales for the first 6 month of the year are as follows:
Estimated Monthly Sales | |
Jan | 650000 |
Feb | 700000 |
Mar | 625000 |
april | 720000 |
may | 800000 |
june | 750000 |
type of monthly sale
Cash sales 20%
Credit sales 80%
Collection pattern for Credit Sales
month of sale 30%
1 month following sale 40%
2nd month following sale 25%
Uncollectible 5%
Colsons total cash receipts for the month of April would be??
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