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Detmer Enterprises has budgeted sales for the next four months as follows: Budgeted Sales in Units January 7,400 units February 5,300 units March 3,900 units
Detmer Enterprises has budgeted sales for the next four months as follows:
Budgeted Sales in Units January 7,400 units February 5,300 units March 3,900 units April ????? units
Detmer's product sells for $20 each. Experience has shown that 10% of the company's sales are cash sales and 90% of the company's sales are made on account. The sales on account are collected in the pattern 30% in the month of sale, 45% in the month following sale, and 25% is collected in the second month following sale.
Calculate the total expected cash collections for the month of March. Do not use decimals in your answer.
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