a) A company has projected the following sales information for the first quarter of 2016:

Credit sales are collected over a two-month period, with 55 percent collected in the month of sale and 45 percent collected in the month following sale. Total cash collections for March is

	January		February		March
Cash sales	$20,000		$35,000		$40,000
Credit sales	43,000		57,000		55,000
Total sales	$63,000		$92,000		$95,000

b. In 2015, a company sold 650,000 units at $3 each. Sales volume is expected to increase by 20 percent in 2016 while the price of each unit is expected to decrease by 20 percent. The expected sales revenue for 2016 is: