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Use the data below from a company 's sales for January to April to get a forecast for the collection forecast, including cash sales, for April: Month Sales

January $220000

February $140000

March $150000

April $140000

Of the sales above, 30% are for cash and 70% are for credit. Of the credit sales, 58% are collected one month later, 32% are collected two months later, and 10% are collected three months later. What is the collection forecast for April.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92089796

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