16. Camen Company projects the following sales:

January

February

March

Cash sales (45%)

$12,150

$13,500

$14,400

Sales on account (55%)

14,850

16,500

17,600

Total sales

$27,000

$30,000

$32,000

Camen collects sales on account in the month after the sale. The Accounts Receivable balance on January 1 is $13,100, which represents December's sales on account. Camen projects the following cash receipts from customers:

January

February

March

Cash receipts from cash sales

$12,150

$13,500

$14,400

Cash receipts from sales on account

13,100

14,850

16,500

Total cash receipts from customers

$25,250

$28,350

30,900

Recalculate cash receipts from customers if total sales remain the same but cash sales are only 25% of the total.Begin by computing the cash sales and sales on account for each month if cash sales are only 25% of the total.

	January	February	March
Cash sales (25%)
Sales on account (75%)
Total sales	$27,000	$30,000	$32,000

Now, recalculate cash receipts from customers for each month if cash sales are only 25%

of the total.

	January	February	March
Cash receipts from cash sales
Cash receipts from sales on account
Total cash receipts from customers

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