Flint Company estimates its sales at 120,000 units in the first quarter and that sales willincrease by 12,000 units each quarter over the year. They have, and desire, a 25% endinginventory of finished goods. Each unit sells for $25. 40% of the sales are for cash. 70% of thecredit customers pay within the quarter. The remainder is received in the quarter following sale.Cash collections for the third quarter are budgeted at

explain please