1. Medi-Docs monthly sales (revenues) for the past 5 months are:

Nov 100,000

Dec 200,000

Jan 300,000

Feb 400,000

March 500,000

50% of Medi-Docs pay for their services the month following the sale and 50% pay 3 months following the sale.

1. What were Medi-Docs total cash receipts in March?
2. What is Medi-Docs accounts receivable balance at the end of March
3. Medi-Docs expenses are rent: 5000 per month utilities 500 per month supplies 10% of current month sales and payroll 30% of previous month sales.