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Thomas Co is estimating the following sales for the first six months of next year Month amount ($) January 350,000 February 300,000 March 320,000 April

Thomas Co is estimating the following sales for the first six months of next year

Month amount ($)

January 350,000

February 300,000

March 320,000

April 410,000

may 450,000

June 470,000

sales at Thomas are normally collected as 70% in the month of sale, 25% in the month following the sale, and the remaining 5% being uncollectible. Also, those customers paying in the month of sales are given a 2% discount. Based on this information, how much cash should Thomas expect to collect during the month of April?

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