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Pardee Company Makes 30% of Its Sales for Cash and 70

question 4

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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: 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:   Total cash receipts in Month 4 will be: A) $38,000. B) $47,900. C) $27,230. D) $36,230. Total cash receipts in Month 4 will be:

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