What are the firm''s expected cash receipts for march april

Reference no: EM131290245

A firm has actual sales of $50,000 in January and $70,000 in February. It expects sales of $90,000 in March and $110,000 in both April and May. Assuming that sales are the only source of cash inflow, and that 60 percent of these are for cash and the rest are collected evenly over the following two months, what are the firm's expected cash receipts for March, April, and May?

Reference no: EM131290245

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