Exercise 7 Your Co. collects 50% of its sales in the month of the sale, 30% the following month, and 20% in the second month after the sale. Calculate budgeted cash receipts for March and April. January February March April OOO |May June PEN Cash receipts in March Cash receipts in April w Exercise 8 Your Co. pays 60% of its purchases in the month of the purchase and 40% the following month. Calculate budgeted cash disbursements from purchases. January 160 320 February March March 240 April May June 200 March disbursements for purchases April disbursements for purchases May disbursements for purchases