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What are the estimated cash collections in feb

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Reference no: EM132998619

Question - VIC Ltd forecasts the following sales figures for the first four months of 2022.

Jan

Feb

Mar

Apr

$150,000

$170,000

$200,000

$250,000

Cash sales average 23 per cent of total sales and credit sales are collected 59 per cent in the month of sale and the rest in the month following sale. VIC also receives $10 000 monthly cash income from an investment.

Required - What are the estimated cash collections in Feb?

Reference no: EM132998619

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