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Whitneys inc sells on terms of 5% Budgeting Cash Whitney's, Inc., sells on terms of 5% discount for tash and carry or 2/10, n/30 and

Whitneys inc sells on terms of 5%
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Budgeting Cash Whitney's, Inc., sells on terms of 5% discount for tash and carry" or 2/10, n/30 and estimates its total sales for the second calendar quarter next year as follows: April, $300.000: May, $240.000: and June, $360,000. An analysis of operations indicates the following customer collecti patterns: Portion of Total Sales In month of sale: Cash at time of sale On account, during discount period On account, after discount period 25% 596 10% In month following sale: 20% On account, during discount period 1096 On account, after discount period In second month following sale: 1596 5% 100% On account, after discount period Average portion uncollectible Prepare an estimate of the cash to be collected from customers during june. Estimated Collections from Customers in June

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