ID E F G Exercise 7 300 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 240 March 360 April 180 May 420 June 300 Cash receipts in March Cash receipts in April 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 120 February 240 March 180 April 240 May 300 June 150 March disbursements for purchases April disbursements for purchases May disbursements for purchases