CASH BUDGET - ESTIMATING CASH RECEIPTS The sales budget of Carson Industries projects the following sales for January through May: January...... $220,000 February .... 230,000 March........ 320,000 April..... 180,000 May.......... 220,000 Carson sells 30% of its merchandise to cash customers. Of the sales on credit, 65% are collected in the month after the sale, and 35% are collected in the second month after the sale. TO-DO: Determine the amount of cash that Carson will collect from cash sales and accounts receivable during the months of March, April, and May. The following template may help you complete your calculations. March April May. Cash sales Collections on Accounts Receivable: (1) From last month's credit sales (2) From credit sales 2 months ago Total Cash Receipts