The Brown Squirrel has estimated sales for January through May of $14,700, $16,900, $23,500, $36,700, and $42,300, respectively.Assume there are 30 days in each month and the accounts receivable period is 45 days.How much should the firm expect to collect in May?

Question

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The firm will collect sales from March and part of April in May. March sales are $23,500, and 15/30 of April sales ($36,700) will be collected, totaling $30,100.

The Brown Squirrel Has Estimated Sales for January Through May