months. sales All at 41,000 30,000 47,000 May ively. Sales in January and February were $38,000 and S37 Experience has shown that total sales. 10 pun of 40 per in the month of 30 percent ulectible ted in the following month, and 20 percent are collected two larch through Prepare a monthly cash receipts schedule for tho from March August. during the six months August? How the sales expected to be made uncollected at the end of through August, will still be later? much of this is expected to be collected 20. Ultravision Inc. anticipates sales of s290,000 from January through April. Materials will represent 50 percent of sales, and because of level production, material purchases will be equal for each month during the four months January, February, March, and April. Materials pur- Materials are paid for one month after the month purchased. chased in December of last year were $25,000 (half of $50,000 in sales). Labor l costs for each of the four months are slightly different due to a provision in the contract in which bonuses are paid in February and April. The labor figures are: $15,000 January 18,000 February March 15,000 April 20,000