Avril Company makes collections on sales according to the following schedule:

20% in the month of sale

70% in the month following sale

8% in the second month following sale

The following sales are expected:

	Expected Sales
January	$280,000
February	$290,000
March	$380,000

Cash collections in March should be budgeted to be:

Multiple Choice

• $330,000

• $372,400

• $301,400

• $380,000