2.

Prepare

a

cash

collections

budget

for

2018.

40%

of

each

quarter's

sales

are

for

cash,

and

the

other

60%

are

on

account

(credit).

80%

of

the

payments

for

credit

sales

(48%

of

total

sales)

are

received

in

the

quarter

of

sale.

The

remaining

20%

of

credit

sales

payments

(12%

of

total

sales)

are

received

during

the

quarter

following

sale.

Uncollected

credit

sales

from

Quarter

4

of

2017

(accounts

receivable)

total

$166,000.