JUNE, JULY, AND AUGUST SALES ARE $100,000, $120,000, AND $125,000, RESPECTIVELY. 20% OF SALES ARE COLLECTED IN THE MONTH OF SALE; 50% ARE COLLECTED IN THE MONTH FOLLOWING SALE, AND THE REMAINING 30% ARE COLLECTED IN THE SECOND MONTH FOLLOWING SALE. WHAT IS THE AMOUNT OF CASH COLLECTIONS IN AUGUST? SHOW STEPS USED IN SOLVING THE PROBLEM.

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What is the amount of cash collection in may ?

Assume that your credit sales for March was $16,288,for April was $33,301 and May was $29,261. If credit sales are collected 55% during the month of sale, 25% the month following the sale, and 15% in the second month following the sale, what is the total expected cash collections to be received in May? Round your answer to one dollar.

The Palos Company expects sales for June, July, and August of $48,000, $54,000, and $44,000, respectively.  Experience suggests that 40% of sales are for cash and 60% are on credit.  The company collects 50% of its credit sales in the month following sale, 45% in the second month following sale, and 5% are not collected.  What are the company's expected cash receipts for August from its current and past sales?

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March, April, and May sales are $100,000, $120,000, and $125,000, respectively. 20% of sales are collected in the month of sale; 50% are collected in the month following sale, and the remaining 30% are collected in the second month following sale. What is the amount of cash collections in May? Show steps used in solving the problem. A. $118,500 B. $25,000 C. $60,000 D. $115,000 Taylor, Inc. had accounts receivable of $430,000 and an allowance for doubtful accounts of $18,200 just before writing off as worthless an account receivable from Burton Company of $1,390. The net realizable value of the accounts receivable before and after the write-off was: A. $411,800 before and $411,800 after. B. $448,200 before and $446,810 after. C. $430,000 before and $428,610 after. D. $411,800 before and $410,410 after. Greene Sisters has a DSO of 15 days. The company's average daily sales are $30,000. Assume there are 365 days in a year. What is the level of its accounts receivable? a. $400,000 b.…

March, April, and May sales are $100,000, $120,000, and $125,000, respectively. 20% of sales are collected in the month of sale; 50% are collected in the month following sale, and the remaining 30% are collected in the second month following sale. What is the amount of cash collections in May? Show steps used in solving the problem. A. $118,500 B. $25,000 C. $60,000 D. $115,000

How much is the company's expected cash collections in the month of May?

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