Smiths tours have provided the following sales forecast for the next four months.
$$\begin{array} { l l l l }
\text { April } & \text { May } & \text { June } & \text { July } \
\$ 250,000 & \$ 150,000 & \$ 225,000 & \$ 150,000
\end{array}$$ Cash sales average 10 per cent of total sales and credit sales are collected 50 per cent in the month of sale and 50 per cent in the month following sale. What are the estimated cash collections in May

Question

Smiths tours have provided the following sales forecast for the next four months.
$$\begin{array} { l l l l } 
\text { April } & \text { May } & \text { June } & \text { July } \
\$ 250,000 & \$ 150,000 & \$ 225,000 & \$ 150,000
\end{array}$$ Cash sales average 10 per cent of total sales and credit sales are collected 50 per cent in the month of sale and 50 per cent in the month following sale. What are the estimated cash collections in May

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The Answer of Smiths tours have provided the following sales forecast for the next four months.
$$\begin{array} { l l l l } 
\text { April } & \text { May } & \text { June } & \text { July } \
\$ 250,000 & \$ 150,000 & \$ 225,000 & \$ 150,000
\end{array}$$ Cash sales average 10 per cent of total sales and credit sales are collected 50 per cent in the month of sale and 50 per cent in the month following sale. What are the estimated cash collections in May

Smiths Tours Have Provided the Following Sales Forecast for the Next