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.

Option (d) is correct.

Explanation:

Cash receipts in month 4 :

Month 4 sales = (30% × 30,000) + (70% × 30000 × 60%)

                        = $21,600

Month 3 sales = 50,000 × 70% × 25%

                        = $8,750

Month 2 sales = 70,000 × 70% × 12%

                        = $5,880

Thus, total cash receipts:

= Month 4 sales + Month 3 sales + Month 2 sales

= $21,600 + $8,750 + $5,880

= $36,230

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answer; whoever is willing and able to pay the price;