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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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