Eastwest equipment offers 3% discount to customers who pay cash at the time of sale and a 2% discount to customers who pay within the after sale. Past experience shows that cash collections from customers tend to occur in the following pattern:

Compute the total cash budgeted to be collected in March if sales forecasts are 365,000 for January, $415,000 for February, and 465,000 for March

March Collections:

January Sales after the discount period _____- Answer

February sales within the discount period _________Answer

February sales after the discount period ____________Answer

March sales within the discount period ____________Answer

Total March Collections ___________Answer

Cash Collected at the time of sale 60%

Collected within the cash discount period in the first 10 days of the month after sale 10

Collected after cash discount period in the first month after sale 15

Collected after cash discount period in the second month after sale 13

Never Collected 2