All of H\'s sales are on credit. The credit sales are collected as follows: Perc

Question

All of H's sales are on credit. The credit sales are collected as follows: Percent paid in month of sale Percent paid in first month after the sale Percent paid ion second month after sale Percent paid in third month after sale 60% 10% 15% 15% The sales for the period under investigation are: January February March April May June July August $200,000 $350,000 $400,000 $500,000 $700,000 $400,000 $450,000 $250,000 How much cash will Thomas receive in June for June cash sales How much cash will Thomas receive in June for June credit sales How much cash will Thomas receive in June for February sales How much cash will Thomas receive in June for January sales How much will Thomas receive in June for May sales How much will Thomas receive in June for April sales How much will Thomas receive in June for March sales How much will Thomas receive total in June.

Explanation / Answer

Jan Feb March April may june july Aug Jan (200000*60%;10%;15%;15%) 120000 20000 30000 30000 Feb (350,000*60%;10%:15%;15%) 210000 35000 52500 52500 March (400000*60%;10%;15%;15%) 240000 40000 60000 60000 April (500,000*60%;10%;15%;15%) 300000 50000 75000 75000 May (700,000*60%;10%;15%;15%) 420000 70000 105000 105000 June (400,000*60%;10%,15%) 240000 40000 60000 july (450,000*60%;10%) 270000 45000 August (250,000*60%) 1500000 total 120000 230000 305000 422500 582500 445000 490000 1710000 1 0 june cash sales 2 240,000 june credit sales 3 0 for feb sales in june 4 0 for jan sales 5 70,000 for may sales 6 75,000 for april sales 7 60,000 for march sales 8 445,000 total

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