55. Dominic's, Inc. had actual sales for January and February and forecasted sales for March, April,...

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55. Dominic's, Inc. had actual sales for January and February and forecasted sales for March, April, May, and June as follows: Actual: January February Forecast: March April May June $192.000 $218.000 $225.000 $202,000 $234,000 $250.000 Based on company experience, it is estimated that 35 percent of a month's sales are collected in the month of sale, 48 percent in the month following the sale, and 16 percent in the second month following the sale. Calculate the estimated cash collections for March, April, and May. 55. Dominic's, Inc. had actual sales for January and February and forecasted sales for March, April, May, and June as follows: Actual: January February Forecast: March April May June $192.000 $218.000 $225.000 $202,000 $234,000 $250.000 Based on company experience, it is estimated that 35 percent of a month's sales are collected in the month of sale, 48 percent in the month following the sale, and 16 percent in the second month following the sale. Calculate the estimated cash collections for March, April, and May.

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