What are the expected collections from customers in march

Reference no: EM13269197

Let's practice calculating expected cash collections with the following example. ABC Company's budgeted sales are as follows:

January: $200,000
February: $220,000
March: $270,000

ABC's sales are 40% cash and 60% credit. Credit sales are collected 10% in the month of sale, 50% in the month following the sale, and 36% in the second month following the sale; 4% are uncollectible. What are the expected collections from customers in March?

Reference no: EM13269197

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