cost accounting Cornwall Mobile Detalling (CMD) is a service that washes...
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cost accounting
Cornwall Mobile Detalling (CMD) is a service that washes and details a customer's vehicle at their home or office. It operates on a membership basis. Members pay $200 dues per month, which entite them to a complete wash and detall service monthly. Members may also order additional car washes during the month at a fee of $75. Additional washes are common in both summer and winter months. The number of members also varies with the season. The number of members and the average number of additional washes by members for the months of interest follow: Cornwall allows members to pay for dues on credit. Comwall's experience is that 40 percent of its members pay cash for the dues, 50 percent of the members pay the dues for a month in the next month, 5 percent in the second month aftet. The remainder is uncollectible. Additional washes are payable in cash. Required: What are Cornwall Mobile Detalling's expected cash receipts for March, April, May, and June
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