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M7 Inc budgeted sales are as follows March $175,000 April $200,000 May $275,000 M7 inc sales are 25% and 75% credit. It collects credit sales

M7 Inc budgeted sales are as follows

March $175,000

April $200,000

May $275,000

M7 inc sales are 25% and 75% credit. It collects credit sales 25% in the month of sale, 35% in the month of following sale and 35% in the second month following sale; 5% are uncollectible.

a) what were the cash sales in march?

b)what were the cash sales in April?

c)What were the cash sales in May?

d) In the month of May how much cash was collected from March sales?

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