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What are the estimated cash collections in may

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Question - Smiths tours have provided the following sales forecast for the next four months:

April 250000

May 150000

June 225000

July 150000

Cash sales average 10 per cent of total sales and credit sales are collected 50 per cent in the month of sale and 50 per cent in the month following sale. What are the estimated cash collections in May?

Reference no: EM133092744

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