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Shown below are the budgeted sales for ABC Company for the next six months: January February March April May June Sales for Cash $27,000 $33,000
Shown below are the budgeted sales for ABC Company for the next six months: January February March April May June Sales for Cash $27,000 $33,000 $21,000 $24,000 $38,000 $19,000 Sales on Account $226,000 $299,000 $273,000 $241,000 $213,000 $201,000 On average, 14% of the sales on account are collected in the month of sale, 38% are collected in the month following sale, 43% are collected in the second month following sale, and the remaining 5% is collected three months after the month of sale. Calculate the expected cash collections for April
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