Solution-How much cash will eber wares collect in may

How much cash will eber wares collect in may

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Reference no: EM132562588

Eber Wares is estimating sales for the next 6 months

Jan $ 300,000

Feb $ 325,000

Mar $ 350,000

Apr $ 360,000

May $ 400,000

Jun $ 420,000

Question 1: Sales are collected as 70% in the month of sale, 20% in the month following the sale,and 7% in the third month following the sale, with 3% uncollectible. A 2% cash discountis given to payments collected in the month of sales. How much cash will Eber Wares collect in May?

Reference no: EM132562588

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How much cash will eber wares collect in may

Reference no: EM132562588

Reference no: EM132562588

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