tolla company is estimating the following sales for the first six months of next yea 492496
Tolla Company is estimating the following sales for the first six months of next year:
|
January |
350,000 |
|
February |
300,000 |
|
March |
320,000 |
|
April |
140,000 |
|
May |
450,000 |
|
June |
47,000 |
Sales at Tolla are normally collected as 70 percent in the month of sale, 25 percent in the month following the sale, and the remaining 5 percent being uncollectible. Also, customers paying in the month of sale are given a 2 percent discount. Based on this information, how much cash should Tolla expect to collect during the month of April?
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