Question 3

You have been given the following cash budget information for four months. 55% of the cash is received in the month the transaction occurred and 45% is on Credit sales.

Also, the Credit sales are collected 60% in the following month it occurred off the sales and 40% in the subsequent month following the sale.

	September 2022	October 2022	November 2022	December 2022
Sales	$120,000	$95,000	$130,000	$85,000

Compute the expected Cash Collection for the entire four months. Dont forget the credit sales for 2022. Cash collection for September, October, November, December, January, and February