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What total cash receipts in month will be

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Howard Company makes 30% of its sales for cash and 70% on account. 60% of the account sales are collected in the month of sale, 20% in the month following sale, and 17% in the second month following sale. The remainder is uncollectible. The following information has been gathered for the current year:

Month           1                2            3                  4

Total sales   $70,000.        $90,000.  $60,000         $40,000

Question 1: Total cash receipts in Month 4 will be

Reference no: EM132548293

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