5. XYZ Corp has sales forecast of the following = January = $40,000; February = $65,000; March = $52,850. All sales are on account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the second month following, and 5% uncollectible. What are the cash receipts for March?

6. XYZ Corp has sales forecast of the following: February = $40,000; March = $65,000. All sales are on account and are collected as follows: 20% in the current month,, 50% in the month following, 25% in the second month following, and 5% uncollectible. If the total cash receipts for March equal $48,250, what is the sales forecast for January?