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Needing help in advanced managerial accounting. Please help me 5. Avalon Company has the following sales pattern February March April May 120,000 140,000 150,000 180,000

Needing help in advanced managerial accounting. Please help me

image text in transcribed 5. Avalon Company has the following sales pattern February March April May 120,000 140,000 150,000 180,000 25% of sales each month are cash sales. Of the remaining 75%: 40% are collected in the month of sale. 50% are collected in the 1st month after the sale. 10% are collected in the 2nd month after the sale. a. Calculate the cash collected in May. b. Calculate the balance of accounts receivable at the end of May

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