(Solved by Humans)-Units Dollars January 130 390,000 February 120 360,000 March 110
Question
? ? ? ? ? ? ? ? ? Units ? ? Dollars
January ? ? ?130 ? ? 390,000
February ? 120 ? ? 360,000 ? ? ? ?
March ? ?110 ? ? ? ?330,000 ? ? ? ?
April ? 90 ? ? ? ? ? ? ? ? ? ? 270,000 ? ? ? ?
May ? 100 ? ? ? ? ? ? ? ? ?300,000
June ?125 ? ? ? ? ? ? ? ?375,000
Total ?675? ? ? ? ? ? 2,025,000
Total sales consist of 25% cash sales, 30% credit cards sales and 45% sales on account. The cash sales and cash from credit cards sales are received in the month of sale. Credit card sales are subject to a 4% discount. The cash receipts for sales on account are 70% in the month following the sale and 28% in the second month after the sale. The remaining 2% are estimated to be uncollectable.
how do you calculate the cash collections for april?
Month
UNITS
DOLLARS
Cash collection 1
cash sales
credit card sales
Sales on account
Cash received from cash sales
Cash received from credit card sales
TOTAL CASH COLLECTION
JAN
FEB
MAR
APR...
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