Claw Inc. projected the following sales data for the first six months of next year: January, $30,000;

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Claw Inc. projected the following sales data for the first six months of next year: January, $30,000; February, $20,000, March, $40,000; April, $44,000; May, $46,000; and June, $52,000. Twenty-five percent (25%) of its sales are cash sales. The experience with credit sales is as follows: 30% are collected in the month of sale; 60% are collected in the month following the month of sale; and 8% collected in the second month following the month of sale. What is the amount of cash to be collected from customers in April? $38,800
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Entrepreneurial Finance

ISBN: 978-0133140514

6th edition

Authors: Philip J. Adelman; Alan M. Marks

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