Comment on the cash collections for march

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Reference no: EM133560510

Question: The sales manager of EKP Inc. has estimated sales for January, February, March, and April to be $70,000, $75,000, $83,000, and $90,000 respectively. Further, the manager expects that 10% of the sales will be for cash, and the collection of the credit sales will be made as follows: Month of sale 60% Month following the sale 20% Second month following the sale 15% The remaining credit sales are uncollectable. Required: Please comment on the cash collections for March.

Reference no: EM133560510

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