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    Cash collections

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    The following information is budgeted for Brown Lighting Company for next quarter:

    Sales...........................................................

    April May June

    $110,000 $130,000 $180,000

    All sales at Brown are on credit. Forty percent are collected in the month of sale, 58% in the month following the sale, and the remaining 2% are uncollectible.

    What are Brown's cash collections for the month of May?

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    https://brainmass.com/business/cash-budgeting/budgeting-cash-collections-371993

    Solution Summary

    The solution explains how to calculate the cash collections for the month

    $2.19

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