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Manu has forecast sales to be $126,300 in February, $157,200 in March, $164,900 in April, and $173,900 in May. The average cost of goods sold
Manu has forecast sales to be $126,300 in February, $157,200 in March, $164,900 in April, and $173,900 in May. The average cost of goods sold is 70% of sales. 58% of sales are on made on credit, the rest are for cash. The sales on credit are collected 60% in the month of sale, and 40% the month following. What are budgeted cash receipts on credit sales in March that were collected in April?
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