Question 10 Ginobili has forecast sales to be $112,200 in February, $154,500 in March, $160,200 in April, and $178,500 in May. The average cost of goods sold is 70% of sales. 29% of sales are on made on credit, the rest are for cash. The sales on credit are collected 65% in the month of sale, and 35% the month following. What are budgeted cash receipts on credit sales in March collected in March? Correct Answer: 29,123 + 2