Blooming Blossoms Ltd.sells flower seeds to retailers throughout the country.Each pack of seeds sells for $.25.The company's accountant has prepared the following sales forecast (in packs)for the second quarter of the current year:
$$\begin{array} { l l }
\text { April } & 35 \text { D00 packs } \
\text { May } & 40 \text { a0d packs } \
\text { June } & 30 \text { D00 packs }
\end{array}$$
Historically,the cash collection of sales has been as follows: 25 per cent in the month of sale,60 per cent in the month following sale,and 15 per cent in the second month following sale.
Required: Compute projected cash receipts for the month of June.

Question

Blooming Blossoms Ltd.sells flower seeds to retailers throughout the country.Each pack of seeds sells for $.25.The company's accountant has prepared the following sales forecast (in packs)for the second quarter of the current year:
$$\begin{array} { l l } 
\text { April } & 35 \text { D00 packs } \
\text { May } & 40 \text { a0d packs } \
\text { June } & 30 \text { D00 packs }
\end{array}$$ 
Historically,the cash collection of sales has been as follows: 25 per cent in the month of sale,60 per cent in the month following sale,and 15 per cent in the second month following sale.
Required: Compute projected cash receipts for the month of June.

Quizplus · Accepted Answer

The Answer of Blooming Blossoms Ltd.sells flower seeds to retailers throughout the country.Each pack of seeds sells for $.25.The company's accountant has prepared the following sales forecast (in packs)for the second quarter of the current year:
$$\begin{array} { l l } 
\text { April } & 35 \text { D00 packs } \
\text { May } & 40 \text { a0d packs } \
\text { June } & 30 \text { D00 packs }
\end{array}$$ 
Historically,the cash collection of sales has been as follows: 25 per cent in the month of sale,60 per cent in the month following sale,and 15 per cent in the second month following sale.
Required: Compute projected cash receipts for the month of June.

Blooming Blossoms Ltd Historically,the Cash Collection of Sales Has Been as Follows: 25