Budgeting Cash Collections Lowell Consulting, which sells on terms 2/10, n/30, had credit sales for March...

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Budgeting Cash Collections Lowell Consulting, which sells on terms 2/10, n/30, had credit sales for March and April of $240,000 and $200,000, respectively. Analysis of Lowell's operations indicates that the pattern of customers' payments on account is as follows (percentages are of total monthly credit sales): Beyond Receiving Discount Discount Period Totals In month of sale 40% 20% 60% In month of following sale 15% 20% 35% Uncollectible accounts, returns, and allowances 5% 100% Determine the estimated cash collected on customers' accounts in April. Budgeting Cash Collections Lowell Consulting, which sells on terms 2/10, n/30, had credit sales for March and April of $240,000 and $200,000, respectively. Analysis of Lowell's operations indicates that the pattern of customers' payments on account is as follows (percentages are of total monthly credit sales): Beyond Receiving Discount Discount Period Totals In month of sale 40% 20% 60% In month of following sale 15% 20% 35% Uncollectible accounts, returns, and allowances 5% 100% Determine the estimated cash collected on customers' accounts in April.