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shown below are the budgeted sales for ABC Company for the next six months: Sales for Cash Sales on Account 70,000 $18,000 January 90,000 February
shown below are the budgeted sales for ABC Company for the next six months: Sales for Cash Sales on Account 70,000 $18,000 January 90,000 February $19,000 $130,000 March $24,000 April $15,000 $100,000 $26,000 $120,000 May $14,000 95,000 June On average 40% of the sales on account are collected in the month of sale 30% are collected in the month following sale, 10% are collected in the second month followi ng sale, and the remaining 20% is collected three months after the month of sale. Calculate the expected cash collections for April. Do not use decimals in your answe
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