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Martinez Corporation's sales of gizmos are 100% on credit. Past collection history indicates that credit sales are collected as follows: Month of Sale Month After
Martinez Corporation's sales of gizmos are 100% on credit. Past collection history indicates that credit sales are collected as follows: Month of Sale Month After Sale Second Month After Sale Uncollectible 30% 50% 15% 5% In January, sales were $80,000 and February sales were $70,000. Projected sales for March are 3,000 gizmos at $16 each. Projected sales for April are 4,000 gizmos at $15 each. Calculate the budgeted cash collections for April
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