CH Corporation generated sales amounting to PHP 50,000 in January & PHP 40,000 in February. If the terms of sale are: 30% for cash, 30% are collected 30 days after the sale, 30% are collected 60 days after the sale, & 10% are collected 90 days after the sale, determine its forecasted cash receipts for the next 3 months. Assume that 30 days equals a month.

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BP Corporation has to prepare its schedule of cash disbursements for July, August, & September given the following: Sales for May = PHP 60,000, June = PHP 50,000, July = PHP 60,000, August = PHP 70,000, September = PHP 70,000, October = PHP 80,000 Purchases are computed at 50% of the following months sales with the terms: 60% for cash, 20% are paid 30 days later, & 20% are paid 60 days later. Assume that 30 days equals a month. Salaries have fixed & variable components: The fixed component is PHP 10,000 monthly while the variable component is 10% of sales. Taxes amounting to PHP 5,000 are payable in September. Dividends amounting to PHP 10,000 are payable in July.