Explore BrainMass

Explore BrainMass

    Cash Collections in April

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    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:





    © BrainMass Inc. brainmass.com June 3, 2020, 9:57 pm ad1c9bdddf

    Solution Summary

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