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give me the answer and calculation process 3. Casa Development, Inc. has budgeted sales revenues as follows: Budgeted Sales Revenues S55,000 75,000 90,000 80,000 60,000

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give me the answer and calculation process

3. Casa Development, Inc. has budgeted sales revenues as follows: Budgeted Sales Revenues S55,000 75,000 90,000 80,000 60,000 35,000 Past experience has indicated that 80% of sales each month are on credit and that collection of credit sales occurs as follows: 60% in the month of sale, 30% in the month following the sale, January February March April May June and 5% in the second month following the sale. The other 5% is uncollectible. Instructions Prepare a schedule which shows expected cash receipts from sales for the months of April, May. and June

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