Two brothers moving prepared the following sales budget: month cash sales credit sales march $ 19 comma 000 $ 5 comma 000 april $ 40 comma 000 $ 20 comma 000 may $ 38 comma 000 $ 39 comma 000 june $ 51 comma 000 $ 48 comma 000 credit collections are 10% in the month of sale, 65% in the month following the sale, and 20% two months following the sale. the remaining 5% is expected to be uncollectible. what are the total cash collections in may at two brothers moving?

The total cash collections in May at Two Brothers Moving is projected to be at $17,900.

Explanation:

Please find the below for detailed explanation and calculations:

The May cash collection of Two Brothers Moving is budgeted to include the following collection from credit sales:

10% of Credit Sales in May + 65% of Credit Sales in April + 20% of Credit Sales in March = 10% x $39,000 + 65% x $20,000 + 20% x $5,000 = $17,900.

As a result, the total cash collections in May of Two Brothers Moving is projected at $17,900.