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Wildhorse Manufacturing Company expects the following sales in January, February, and March January February March Cash Sales $51100 $46600 $84700 Credit Sales $250000 $244500 $322000
Wildhorse Manufacturing Company expects the following sales in January, February, and March January February March Cash Sales $51100 $46600 $84700 Credit Sales $250000 $244500 $322000 The controller has determined that the company collects credit sales as follows: 60% in the month of sale, 30% in the first month after sale,5% in the second month after sale and 5% is expected to be uncollectible. How much cash will be collected from customers in March $351250 $279050 $363750 $406700
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