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Business, 10.11.2019 04:31 tasa123l14

Pardee company makes 30% of its sales for cash and 70% on account. 60% of the account sales are collected in the month of sale, 25% in the month following sale, and 12% in the second month following sale. the remainder is uncollectible. the following information has been gathered for the current year: month total sales1=$60,0002=$70,0003=$50,0004=$ 30,000total cash receipts in month 4 will be: a. $38,000.b. $47,900.c. $27,230.d. $36,230.

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Pardee company makes 30% of its sales for cash and 70% on account. 60% of the account sales are coll...

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