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Intel sells direct to national accounts. They estimate sales as follows Sales: Jan 3,000,000 Feb 6,000,000 Mar 7,000,000 Apr 8,000,000 May 12,000,000 June 15,000,000 All
Intel sells direct to national accounts. They estimate sales as follows
Sales: Jan 3,000,000 Feb 6,000,000 Mar 7,000,000 Apr 8,000,000 May 12,000,000 June 15,000,000
All contracts provide for payments withing 30 days of delivery of robots. The controller provides the actual payment patterns of our customers:
3 months following the sale | 5% |
2 months following the sale | 40% |
1 month following the sale | 50% |
Month of sale | 5% |
Determine your estimated cash collections for April, May and June
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