Check my work 3 Jackson Company has developed the following sales projections for the calendar year: eBook May June July August September October $128,000 148,000 168,000 188,000 178,000 158,000 Normal cash collection experience has been that 50% of sales is collected during the month of sale and 45% in the month following the sale. The remaining 5% of sales are never collected. Jackson's budgeted cash collections for the third calendar quarter are: (CMA adapted) Multiple Choice $537,000 $525.000