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    Cash collection from receivables

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    A company has completed its sales budget for the first quarter of 2005. projected credit sales for the first four months of the year are shown:
    January $30,000
    February $36,000
    March $45,000
    April $48,000
    The company's past records show collection of credit sales as follows: 30% in the month of sale and the balance in the following month. The total cash collection from receivables in march is expected to be:

    Please explain...

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    https://brainmass.com/business/receivables/cash-collection-receivables-182679

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    Cash collection from receivables
    A company has completed its sales budget for the first quarter of 2005. Projected credit sales for the first four months of the year are shown:

    January $30,000
    February ...

    Solution Summary

    This solution is comprised of a detailed explanation to answer the total cash collection from receivables in march is expected to be.

    $2.19