heldt company expects the following credit sales for the first five months of the year...
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heldt company expects the following credit sales for the first five months of the year jan 25,00 feb 40,000 March 30,00 april 36,000 may 40,000
experience has shown that payment for the sales is the following 60% in the month of sales 25% first month after sales 12 % in the second month and the remainder uncollecable. How much cash can Heldt excpet to collect in march as a result of credit sales
a 18,000
b 28,600
c.30,000
d.31,000
e.32,040
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