Lee Verly will be opening his company called LV Catering in January of the next year. He predicts that January, February and March will generate $135,000, $120,000 and $165,000 worth of sales respectively. The company expects to sell 35% of its products for cash. Of the sales on account, 55% are expected to be collected in the month of the sale, 25% in the month following the sale and the remainder in the following month. Prepare the cash receipts section of the cash budget.

Take me to the text Question 8 Partially correct Mark 7.00 out of 9.00 Lee Verly will be opening his company called LV Catering in January of the next year. He predicts that January, February and March will generate $135,000, $120,000 and $165,000 worth of sales respectively. The company expects to sell 35% of its products for cash. Of the sales on account, 55% are expected to be collected in the month of the sale, 25% in the month following the sale and the remainder in the following month. Prepare the cash receipts section of the cash budget Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. P Flag question March LV Catering Cash Receipts For January, February and March January February Cash sales $ 47250 v S 42000 Collections from credit customers $ 48263 S64838 Total Cash Receipts $ 95513 106838 S 57750 V x 100429 $ x