Item $11$

Budgeted data for the four months to April is given below:

$80\%$ of credit sales is received in the month after sale, $10\%$ two months after sale and

$8\%$ three months after sale. The balance is written off as a bad debt. Calculate the

cash receipts for April.Budgeted data for the four months to April is given below:

Jan Feb March April

Credit Sales

$250,000$

$250,000$

$250,000$

$260,000$

Cash Sales

$60,000$

$60,000$

$65,000$

$75,000$

$80\%$ of credit sales is received in the month after sale, $10\%$ two months after sale and

$8\%$ three months after sale. The balance is written off as a bad debt. Calculate the

cash receipts for April.