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Manu has forecast sales to be $120100 in February, $151200 in March, $162700 in April, and $174000 in May. The average cost of goods sold
Manu has forecast sales to be $120100 in February, $151200 in March, $162700 in April, and $174000 in May. The average cost of goods sold is 70% of sales. 24% of sales are on made on credit, the rest are for cash. The sales on credit are collected 65% in the month of sale, and 35% the month following. What are budgeted cash receipts on credit sales in March collected in March?
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