Waseem & company are selling the products on both CASH & CREDIT basis to its customers. Cash are averaged at 20% of the total Sales and following is the historical cash collection pattern for its credit sales.30% collected in the month of Sales45% collected in the first month after sales20% collected in the second month after sales4% collected in the third month after sales Total Sales for the First Six Months of 2019 are budgeted as follows: Month Expected Total Sales January Rs 200,000February R 400,000March Rs 800,000AprilRs 600,000MayRs 900,000JuneRs 1,200,000Required: Calculate the estimated total cash collection during the month of May from the sales of 2019.Compute the total cash collections during the Second Quarter from the sales made in second quarter. 

Answer rating: 100% (QA)

To calculate the estimated total cash collection during the month of May from the sales of 2019 we n... View the full answer