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Sun & Pelican are a manufacturer of deck ornaments and are worried about their cash flow for the busy spring months (April June). 50.For the
Sun & Pelican are a manufacturer of deck ornaments and are worried about their cash flow for the busy spring months (April June). 50.For the month of April the projected sales are $15,000 & for May the projected sales are $42,000. If the company forecasts collection at a rate of 65% in month of sale & 35% the following month. What is the projected cash collection in May? A. $32,550 B. $19,950 C. $42,000 D. $24,450
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