Solution-What are the estimated cash receipts from accounts

What are the estimated cash receipts from accounts

Reference no: EM13550364

Estimate Cash Collections

Nassau Products is preparing a cash budget for April. The following information on accounts receivable collections is available from past collection experience:

Percent of current month's sales collected this month	25%
Percent of prior month's sales collected this month	62
Percent of sales two months prior to current month collected this month	7
Percent of sales three months prior to current month collected this month	4

The remaining 2 percent is not collected and is written off as bad debts. Credit sales to date are:

April-estimated	$300,000
March	270,000
February	240,000
January	285,000

Required

What are the estimated cash receipts from accounts receivable collections in April?

Reference no: EM13550364

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What are the estimated cash receipts from accounts : What are the estimated cash receipts from accounts receivable collections in April - Nassau Products is preparing a cash budget for April.

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What are the estimated cash receipts from accounts

Reference no: EM13550364

Reference no: EM13550364

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