Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if the estimated sales in january are $85,000, in

If the estimated sales in January are $85,000, in February are $78,000, and in March...

70.2K

Verified Solution

Question

Accounting

If the estimated sales in January are $85,000, in February are $78,000, and in March are $95,000, how much cash will be collected in March for The Tech Company, given that 50% of sales are in cash and the remainder are on credit, with 70% of the credit portion collected in the month of sale, 20% collected the month after the sale, and 5% collected the second month after the sale?
NOTE: Enter amounts rounded to the nearest whole dollar.
\table[[Cash sales,$
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

could you explain the differences and the similarities between undetermined coefficients method and annihilator method? also, could...

Biology
1.2K views

Which of the following is NOT true of fossils They provide a evidence that evolutionary...

Geometry
1.2K views

A X 92 O MathBits com B Figure 3 5 3pts each Use Figure 3...

Basic Math
1.2K views

Day AmountDayAmountDay Amount10 1.00165 70 1.01157 130 1.0216020 1.00329 80 1.01323 140 1.0232830 1.00494 90...

Basic Math
1.2K views

A single die is rolled one time. Find the probability of rolling an even number...

Statistics
1.2K views

How big is your family A survey asked a sample of 2780 adults how many...

Algebra
1.2K views

Suppose that A and B are invertible 2 x 2 matrices such that det A...

Algebra
1.2K views

DIC You will be comparing 4 people who are throwing objects into the air Their...

Accounting
1.2K views

depreciation At the end of 6 years, the equipment for the daycare is expected to...

Accounting
1.2K views

1. The Conceptual Framework for Financial Reporting sets and discusses the objective and fundamentals that...

Accounting
1.2K views

Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31...

Finance
1.2K views

Required information The following information is used for the next three questions. The current market...