1. -  Cash Budget Assumptions a. The ABC company has a total sales of P150,000.00 which is distributed as follows: Jan. - 30,000, Feb. 20,000, Mar. - 25,000, Apr.-20,000, May - 35,000, Jun.- 20,000 b. Sales of the previous year for the Month on November is P25,000.00 and December is 30,000.00 c. 10% of the current sales is collected during the month, 60% is collected in the succeeding month and 30% is collected after 2 months. Questions. 1. Prepare a Monthly Cash Receipts of ABC Company