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What will be the expected cash collections for the quarter

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Reference no: EM132542000

July: 75,000 units

August: 80,000 units

September: 65,000 units

(A). Selling price is 190 taka per unit

(B). 30% of the sales each month are in cash and the rest are on account.

(C). On account collection patterns are as follows: 45% is collected in the following month of sales and the remaining 55% is collected the second month following the month of sales. Previous Accounts receivables of 8,877,750 Taka will be collected in the month of July.

Question 1: What will be the expected cash collections for this quarter?

Reference no: EM132542000

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