Calculate The Total Expected Cash Collections For The Month Of March?

Detmer Enterprises has budgeted sales for the next four months as follows:
Budgeted Sales in Units
January 7,400 units
February 3,900 units
March 5,300 units
April 4,600 units
Detmer’s product sells for $20 each. Experience has shown that 10% of the company’s sales are
cash sales and 90% of the company’s sales are made on account. The sales on account are collected
in the pattern 30% in the month of sale, 55% in the month following sale, and 15% is collected in
the second month following sale.
Calculate the total expected cash collections for the month of March. Do not use decimals in
your answer.

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