3. You are the marketing manager of Tizer Pharma Co. Expected sales rev- enues for the first six months of next year are as follows: January February March April May Junc Total $ millions $ 700. 800 800 820 820

900 There was $400 million of accounts receivable on January 1. 310

The normal pattern for collection of sales revenue is as follows: - 25% of sales are cash sales and are received in the month of sale. - 75% of sales are on one month's credil, and all credit customers pay within their credit terms. Kequired Prepare a schedule of cash received from sales for the first half of the year