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VIC Ltd forecasts the following sales figures for the first four months of 2022. Jan Feb Mar Apr $150 000 $170 000 $200 000 $250
VIC Ltd forecasts the following sales figures for the first four months of 2022. Jan Feb Mar Apr $150 000 $170 000 $200 000 $250 000 Cash sales average 27 per cent of total sales and credit sales are collected 64 per cent in the month of sale and the rest in the month following sale. VIC also receives $10 000 monthly cash income from an investment. What are the estimated cash collections in Feb
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