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Ginobili has forecast sales to be $120,100 in February, $151,200 in March, $162,700 in April, and $174,000 in May. 24% of sales are on made
Ginobili has forecast sales to be $120,100 in February, $151,200 in March, $162,700 in April, and $174,000 in May. 24% of sales are on made on credit, the rest are for cash. The sales on credit are collected 20% in the month of sale, and 80% the month following.
What are the total budgeted cash receipts in April?
Please show your work! Thank you!
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