What is the total cash collected collections of accounts

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As of January 1, the Martin company had an accounts receivable of $50,000. The sales for January, February, and March were as follows: $220,000, $140,000 and $150,000. Twenty percent of each month's sales are for cash; the rest are on account. Of the sales on account, 60% are collected in the month of sale, with the remaining 40% collected in the following month. What is the TOTAL cash collected (both from collections of accounts receivable AND for cash sales) in the month of January?.... $

Reference no: EM131296419

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