Del Carpio,Inc Cash Sales Are 30% of Each Product's Monthly Sales

question 95

Essay

Del Carpio,Inc.sells two products,Widgets and Gadgets.The sales forecast in units for the first quarter of the coming year is:
$$\begin{array} { l l l } & \text { Widgens } & \text { Gadgets } \\\text { January }& 20,000 & 36,000 \\ \text { February } & 28,000 & 60,000 \\\text { March }& 36,000 & 64,000\end{array}$$

Cash sales are 30% of each product's monthly sales.The remaining sales are credit sales that are collected as follows: 70% in the month of sale,20% the next month,and 10% in the following month.Unit sale prices are $30 and $20 for Widgets and Gadgets,respectively.
Determine the company's cash receipts for March from its current and past sales.

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Definitions:

Converse

In logic, the converse of a statement is the reversal of its subject and predicate, testing different aspects or implications of the original statement.

Proposition

A declarative sentence or phrase that can be either true or false, expressing a basic statement or assertion.

Contrapositives

In logic, the statement formed by negating and swapping the subject and predicate of the original conditional statement.

Relationship

The approach through which a connection is established between two or more concepts, items, or people, or the fact of being interconnected.