Question

soix corporation is estimating the following sales. how much cash should sioux expect to collect during april

Answer 1

$264,000

Explanation:

The computation of total cash collection in April is shown below:-

From March Sales = $240,000 x 35%

= $84,000

From April Sales = $300,000 x 60%

= $180,000

Total Collection in April = $84,000 + $180,000

= $264,000

So, we have applied the above formula for determining the cash collection for April.

The same is to be considered