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What are the forecasted cash collections for the June

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Reference no: EM132546028

Question - The Company has projected the following sales for the spring quarter of 2014:

April $200,000

May $250,000

June $275,000

65% of all sales are paid for with cash. The remainder is on credit.

The pattern for credit receivables collections are:

Month of sale 60%

Month after sale 30%

Second month after sale 10%

Required - What are the forecasted cash collections for the month of June?

a. $178,750

b. $248,750

c. $269,750

d. $275,000

Reference no: EM132546028

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