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E Co. has the following expected pattern of collections on credit sales: 70 percentcollected in the month of sale, 15 percent in the month after
E Co. has the following expected pattern of collections on credit sales: 70 percentcollected in the month of sale, 15 percent in the month after the month of sale, and 14 percent in the second month after the month of sale. The remaining 1 percent is never collected. At the end of May, E Co. has the following accounts receivable balances:From April sales $21,000From May sales 48,000E
s expected sales for June are $150,000.
What were total sales for April?
a. $150,000
b. $72,414
c. $70,000
d. $140,000
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