What would be the cash collections forecast for june

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Reference no: EM131354199

The sales force at your company has developed the forecast for the next six months. The company typically collects 10% of sales in the current month as cash, 50% one month later, 37% two months later and has 3% bad debt. Based on this information, what would be the cash collections forecast for June?

Jan: 200,000

Feb: 188,000

Mar: 210,000

Apr: 225,000

May: 250,000

Jun: 300,000

Reference no: EM131354199

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