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Nora Company is preparing budgets for the quarter ending lune 30th. All sales are on account. Nora's collection pattern is: 70% collected in the month

Nora Company is preparing budgets for the quarter ending lune 30th.

All sales are on account.

Nora's collection pattern is:

70% collected in the month of sale, 25% collected in the month following sale, 5% uncollectible.

Budgeted sales for the next five months are:

April

200,000

May

500,000

June

300,000

July

250,000

August

150,000

In April, the March 31st accounts receivable balance of $45,000 will be collected in full What will be the total cash collections for the quarter?

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