Answer:
Total cash= $193,000
Explanation:
Giving the following information:
Estimated sales ($):
January= $150,000
February= $180,000
March= $220,000
40% in cash from that same month of sales
50% in cash from the previous month's sales
10% in cash from the sales from two months ago
Cash collection March:
From March= 220,000*0.4= 88,000
From February= 180,000*0.5= 90,000
From January= 150,000*0.1= 15,000
Total cash= $193,000
The amount of cash that will be received in March will be $193,000.
Based on the information given, the following will be calculated:
Cash collection from January will be:
= 10% × $150000 = $15000
Cash collection from February will be:
= 50% × $180000 = $90000
Cash collection from March will be:
= 40% × $220000 = $88000
Total cash = $15000 + $90000 + $88000 = $193000
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