- (TIMING - question should take you 5 - 7 minutes which practicing, 3 - 5 minutes just before an exam) Max Industries expects total sales for January, February, and March to be $300,000, $350,000, and $400,000 respectively. All sales are on credit. It expects to collect 60% of the sales in the month of sale and 35% in the following month. The company writes off the uncollectible sales in the 3rd month. a) Compute the cash collections from customers for: February: $ March: $ b) Compute the uncollectible sales / accounts receivable for: (assume you wouldn't recognize uncollectible until the 3rd month from the actual sales) March: $ April: $