Alpha Company is preparing its cash budget for the month of May.  The company estimated credit sales for

May at $200,000. Actual credit sales for April were $150,000. Estimated collections in May for credit sales in May are 20%.   Estimated collections in May for credit sales in April are 70%. Estimated Collections in May for credit sales prior to April are $12,000.  Estimated write-offs in May for uncollectible credit sales are $8,000.  Estimated provision for bad debts in May for credit sales in May are $7,000.  What are the estimated cash receipts from accounts receivable collections in May?

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"