Ocean view is a wholesale distributor of surf boards to stores, Peak sales occur in February of each year as shown in the companys sales budget given below

Budgeted Sales:

February: $500,000

March: $200,000

April: $300,000

Quarter Total: $1,000,00

50% of all sales are cash and are collected right away. Through close study, Ocean view has figured out that 30% of a month's credit sales are received in the month of sale and the remaining 70% is collected in the month after the sale. Uncollectible accounts can be ignored. Accounts receivable balance at the end of january is $117,000 all of which is expected to be collected in february

Which are budgeted cash receipts for the month of march ?

What is the expected balance in accounts receivable at the end of April?