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March, April and May sales are $100,000, $120,000, and $125,000 respectively. A total of 80% of all sales are credit sales and 20% are cash
March, April and May sales are $100,000, $120,000, and $125,000 respectively. A total of 80% of all sales are credit sales and 20% are cash sales. A total of 80% of all sales are credit sales and 20% are cash sales. A total of 60% of credit sales are collected in the month of the sale and 40% are collected in the next month. There are no bad credit expenses. What is the amount of cash collections for April?
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