ABC Company has projected Sales of $2402 in January. The sales are expected to grow by...
ABC Company has projected Sales of $2402 in January. The sales are expected to grow by 13%each month. ABC's collection schedule is as follows:
ABC collects 82 percent of its sales in the month of sale and the remainder is collected in the followingmonth. What is the amount of the April cashcollections?
Homework Answers
What is the amount of the April cash collections
=March sales*18%+April sales*82%
=(2402*(1+13%)*(1+13%))*18%+(2402*(1+13%)*(1+13%)*(1+13%))*82%
=3394.07
the above is answer..
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