Nassau Products is preparing a cash budget for April. The following information on accounts receivable collections...

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Nassau Products is preparing a cash budget for April. The following information on accounts receivable collections is available from past collection experience: Percent of current month's sales collected this month Percent of prior month's sales collected this month Percent of sales two months prior to current month collected this month Percent of sales three months prior to current month collected this month 25% 62 74 4 The remaining 2 percent is not collected and is written off as bad debts. Credit sales to date are: Credit sales April March February January December Estimate $380,000 $340,000 $280,000 $325,000 $415,000 What are the estimated account receivable collections on March and April? Nassau Products is preparing a cash budget for April. The following information on accounts receivable collections is available from past collection experience: Percent of current month's sales collected this month Percent of prior month's sales collected this month Percent of sales two months prior to current month collected this month Percent of sales three months prior to current month collected this month 25% 62 74 4 The remaining 2 percent is not collected and is written off as bad debts. Credit sales to date are: Credit sales April March February January December Estimate $380,000 $340,000 $280,000 $325,000 $415,000 What are the estimated account receivable collections on March and April?

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