question archive Sun & Sand Sports has projected the sales below for the next four months HD 139
Sun & Sand Sports has projected the sales below for the next four months HD 139
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Sun & Sand Sports has projected the sales below for the next four months HD 139.100 january 145.400 Februaryt: 11.975 (March and 167,200 Aprin. The company collecte 29 of its sales in the month of sale, 52 in the month following the month of sale, 1 two months after the month of sale, and never collects of its sales. How much will the company collect in April for the toolbar, presa ALT-E10 PCO ALTN10 (Mac)
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In the given problem we need to compute the amount of collections made in the month of April
April Collections:
Cash Sales 29%of April Sales = 29% of $167200 = $ 48488
Credit Sales Collections 52% of Mar Sales = 52% of $151975 = $ 79027
Credit Sales Collections 17% of Feb Sales = 17% of $145400 = $ 24718
Total Collections made in April = $152233
