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Gamma Ltd. expects the following sales amounts during the first six months of this year: Sales Forecast January February $11,000 $15,000 March $23,700 April May
Gamma Ltd. expects the following sales amounts during the first six months of this year: Sales Forecast January February $11,000 $15,000 March $23,700 April May June $27,650 $34,350 $37,500 All of Gamma's sales are on credit. They collect 36% of their sales in cash in the same month the sale, 60% in the month following the sale. 4% of their sales are expected to be uncollectible. On January 1, Gamma's accounts receivable balance was $8,256. How much cash does Gamma expect to collect in March? A 1 Expected Cash Collections in March: B
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