Question

Emerald Service anticipates the following sales revenue over a five- month period:


The company’s sales are 20% cash and 80% credit. Its collection history indicates that credit sales are collected as follows:
30% in the month of the sale
60% in the month after the sale
6% two months after the sale
4% are never collected3
How much cash will be collected in January? In February? In March? For the quarter intotal?


$1.99
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  • CreatedAugust 27, 2014
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