Rich Jackson, a recent MHA graduate, has been hired by Tarheel Rehabilitation Cilnic to manage a new prostheticiorthotic supply division of the company. The division would sell primarily to rehab patients, some of whom pay for the devices themselves and some of whom have the bill paid by a third party insurer. Sales would be slow during the first few months, rise during the middle of the year, and then level off by the end of the year. Sales estimates for the flrst year of operation are shown in the table below $($in thousands of dollars$).$ Rich estimates that $30$ percent of the division's customers will pay in the month of sale, $50$ percent will pay in the month following sale, and the remaining $20$ percent will pay in the second month following the sale. Calculate the division's expected:

Accounts recelvables $($AR$)$ at the end of each month

Total sales for each quarter of operation

Average dally sales $($ADS$)$ for each quarter of operation

Aversge collection period $($ACP$)$ for each quarter of operation

Aging schedules for the end of each quarter

ANSWER

Assumed collection pattern

Collected Remaining

Month of sale

One month after sale

Two months after sale

$\backslash$table$[[$Month$,$Days,Monthly Report,Quarterly Report,$\frac{?}{{?}_{\frac{?}{?}}CP}$