The company predicts that 5 percent of its credit sales will

The company predicts that 5 percent of its credit sales will never be collected, 40 percent of its sales will be collected in the month of the sale, and the remaining 55 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2013, credit sales were $344,000.

Here are some important figures from the budget of Blocher, Inc., for the second quarter of 2013:

The statement of filled up columns is shown below:

	Blocher Inc.
	II quarter 2013
			April	May	June
Balance cash		124000	161400	242250
Cash receipts
credits for March 55%	189200	229350	201300
April 417000@40%		166800	146400	181600
Total cash available		480000	537150	625150
Cash disbursements
payment for credits		186000	194000	182000
Wages, taxes, and expenses	81200	76700	105400
Interest			10900	10900	10900
Equipment purchases	40500	13000	162000

Total cash disbursements	318600	294600	460300

Closing cash Balance	161400	242550	164850

The company predicts that 5 percent of its credit sales will never be collected, 40 percent of its sales will be collected in the month of the sale, and the re

The company predicts that 5 percent of its credit sales will

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