DATA:

a. Actual sales for March and budgeted sales for April-July are as follows: March(actual) 65,000 April 85,000 May 115,000 June 80,000 July 75,000 b. Sales are 40% for cash and 60% on credit. All payments on credit sales are collected in the month following the sale. The accounts receivable at March 31 are a result of March credit sales. c. The company