Astor Manufacturing has the following budgeted sales: January $120,000, February $180,000, and March $150,000. 40% of the

Question:

Astor Manufacturing has the following budgeted sales: January $120,000, February $180,000, and March $150,000. 40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts during March are