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    Cash Collections in April

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    Question 2:

    Pitkins Company collects 17% of a month's sales in the month of sale, 65% in the month following sale, and 14% in the second month following sale. The remainder is uncollectible. Budgeted sales for the next four months are:

    January February March April
    Budgeted sales $202,000 $303,000 $353,000 $251,000

    Cash collections in April are budgeted to be:

    $330,540

    $314,540

    $308,540

    $351,540

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    https://brainmass.com/business/cash-budgeting/cash-collections-april-207686

    Solution Summary

    The solution explains how to estimate the april cash collections given the sales and collection pattern

    $2.19

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