1) Sales Budget with expected Cash Collections All sales are on account. The company collects 60% in month of sale and 35% in the following month. The remaining 5% is uncollectable. March 31 AR is 40,000 and all is collectable Sales Budget Production budget does not have a total column, instead does an extra period The company desires to have inventory on hand at the end of each month 10% of the following month's budgeted sales in units. This was meet on March 31 . (Hint April 1 beginning Inventory would be 10% of April's budgeted sales in units)