Question
Ralpha company is selling a product of $35 per unit. The estimated sales in units would be March, April, May, June and July 2,100, 2,400,
Ralpha company is selling a product of $35 per unit. The estimated sales in units would be March, April, May, June and July 2,100, 2,400, 3,000, 2,300 and 2,800 units, respectively. A 10% cash discount would be provided in collection from accounts receivable. Collection from receivables normally have the following pattern: 60% in the month of sale, 30% in the month following the sale, and 10% in the second month following the sale. What would be the total collection from accounts receivables in the month of March, April, May, and June?
Select one:
a. March, $37,000, April $67,600, May $90,000 and June $80,000.
b. March, $38,000, April $77,600, May $92,000 and June $81,000.
c. March, $39,000, April $67,600, May $88,150 and June $87,570.
d. March, $39,690, April $67,410, May $89,250 and June $83,370.
e. None of the above.
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