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Need to calculate the cash receipts for the first quarter of this year. Complete the calculations by filling in the blanks Discuss the observations about

Need to calculate the cash receipts for the first quarter of this year.

Complete the calculations by filling in the blanks

Discuss the observations about the way cash is collected if the company needs $150,000 per month for expenses.

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The budgeted credit sales are as follows:

December last year $250,000

January $125,000

February $300,000

March $90,000

Collection:

Month of the sale 80%

Month following the sale 20%

Estimated cash receipts

January February March

Last month's sales

Current month's sales

Total

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