Cornwall Mobile Detailing (CMD) is a service that washes and details a customer's vehicle at...
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Cornwall Mobile Detailing CMD is a service that washes and details a customer's vehicle at their home or office. It operates on a membership basis. Members pay $ dues per month, which entitle them to a complete wash and detail service monthly. Members may also order additional car washes during the month at a fee of $ Additional washes are common in both summer and winter months. The number of members also varies with the season. The number of members and the average number of additional washes by members for the months of interest follow:
Cornwall allows members to pay for dues on credit. Cornwall's experience is that percent of its members pay cash for the dues, percent of the members pay the dues for a month in the next month, percent in the second month after. The remainder is uncollectible. Additional washes are payable in cash.
Required:
What are Cornwall Mobile Detailing's expected cash receipts for March, April, May, and June?
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