Question 4

Bright Light Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2020. (Click the icon to view the additional information.) All sales are made on account with 65% of sales made in a quarter collected in the same quarter and 35% collected in the following quarter. Calculate the cash collected from receivables in each of the 4 quarters of 2020 . (If an input field is not used in the table, leave the input field empty; do not enter a zero.) Schedule of Cash Collections Data table