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ABC Companys budgeted sales for June, July, and August are 1 4 , 6 0 0 , 1 8 , 6 0 0 , and

ABC Companys budgeted sales for June, July, and August are 14,600,18,600, and 16,600 units respectively. The selling price for each unit is $12. Based on past experience, ABC expects that 40% of a months sales will be collected in the month of sale, 55% in the following month, and 3% in the second month following the sale. Prepare an analysis of cash receipts from sales for ABC Company for August.

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