2. Calculate the total receipts for March & April by doing the following information. (6pike) An extract from the sales budget shows the following sales values: February 12,000

March 18,000

April 15,800

45% of sales are expected to be collected immediately. Of credit sales, 70% is expected to be repaid the following month after sales benefiting from a 4% discount for early sites. 30% are expected to be paid in full in the second month after the month of sale. January sales were 13,000!