Thomas has found that 20% of its sales during the month were for cash and 80% were made by extending credit (accounts receivable). The company has the following account receivable payment experience for the 90% related to credit sales. The credit sales are collected as follows: Percent paid in month of sale 50% Percent paid in first month after the sale Percent paid ion second month after sale 15% Percent paid in third month after sale 10% 25% The sales for the period under investigation are January $200,000 February $350,000 March $400.000 April 5500,000 May $700,000 5850,000 July $975,000 August $1,000,000 How much cash wal Thomas recive in June for Juns cash sales? Thomas has found that 20% of its sales during the month were for cash and 80% we following account receivable payment experience for the 90% related to credit sales. Percent paid in month of sale 50% Percent paid in first month after the sale 25% Percent paid ion second month after sale 15% Percent paid in third month after sale 10% The sales for the period under investigation are: January $200,000 February $350,000 March $400,000 April $500,000 May $700,000 June $850,000 July $975,000 August $1,000,000 How much cash will Thomas receive in June for June credit sales? Thomas has found that 20% of its sales during the month were for cash and 80% following account receivable payment experience for the 90% related to credit sales. Th Percent paid in month of sale 50% Percent paid in first month after the sale 25% Percent paid ion second month after sale 15% Percent paid in third month after sale 10% The sales for the period under investigation are: January $200,000 February $350,000 March $400,000 April $500,000 May $700,000 June $850,000 July $975,000 August $1,000,000 How much cash will Thomas receive in June for February sales? An acceptable format forum 50% Thomas has found that following account receivable payment experience for Percent paid in month of sale Percent paid in first month after the sale 25% 15% 10% Percent paid ion second month after sale Percent paid in third month after sale The sales for the period under investigation are: January $200,000 February $350,000 March $400,000 April $500,000 May $700,000 June July August $850,000 $975,000 $1,000,000 How much will Thomas receive total in June? Thomas has found that 20% of its sales during the month were following account receivable payment experience for the 90% related to credit sales. Percent paid in month of sale 50% Percent paid in first month after the sale 25% Percent paid ion second month after sale 15% Percent paid in third month after sale 10% The sales for the period under investigation are: January $200,000 February $350,000 March $400,000 April $500,000 May $700,000 June $850,000 $975,000 July August $1,000,000 How much will Thomas receive in June for March sales
