ABC Company$$s budgeted sales for June, July, and August are $14,000,18,000,$ and $16,000$ units respectively. The selling price for each unit is $$14.$ Based on past experience, ABC expects that $30\%$ of a month$$s sales will be collected in the month of sale, $60\%$ in the following month, and $8\%$ in the second month following the sale.

 

 

Required:

Prepare an analysis of cash receipts from sales for ABC Company for August.