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What are the estimated cash receipts

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Question - Alpha Company is preparing its cash budget for the month of May.  The company estimated credit sales for May at $200,000. Actual credit sales for April were $150,000. Estimated collections in May for credit sales in May are 20%.   Estimated collections in May for credit sales in April are 70%.  Estimated Collections in May for credit sales prior to April are $12,000.  Estimated write-offs in May for uncollectible credit sales are $8,000.  Estimated provision for bad debts in May for credit sales in May are $7,000. What are the estimated cash receipts from accounts receivable collections in May?

Reference no: EM131680220

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