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Manu has forecast sales to be $34,500 in February, $53,400 in March, $73,600 in April, and $119,000 in May. The average cost of goods sold
Manu has forecast sales to be $34,500 in February, $53,400 in March, $73,600 in April, and $119,000 in May. The average cost of goods sold is 70% of sales. 55% of sales are on made on credit, the rest are for cash. The sales on credit are collected 70% in the month of sale, and 30% the month following. What are budgeted cash recelpts on credit sales in April that were collected in May
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