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  3. a. how much cash will thomas receive in june for j

A. How much cash will Thomas receive in June for June cash sales? B. How...

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Accounting

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A. How much cash will Thomas receive in June for June cash sales?

B. How much cash will Thomas receive in June for June credit sales?

C. How much cash will Thomas receive in June for February sales?

D. How much cash will Thomas receive in June for January sales?

E. How much will Thomas receive in June for May sales?

F. How much will Thomas receive in June for April sales?

G. How much will Thomas receive in June for March sales?

H. How much will Thomas receive total in June?

Thomas has found that 20% of its sales during the month were for cash and 80% were made by extending credit (accounts receivable). The company has the following account receivable payment experience for the 90% related to credit sales. The credit sales are collected as follows: Percent paid in month of sale Percent paid in first month after the sale Percent paid ion second month after sale Percent paid in third month after sale 50% 25% 15% 10% The sales for the period under investigation are January February March April May June July August $200,000 S350,000 S400,000 S500,000 700,000 850,000 975,000 1,000,000

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