Question 4

You have been given the following Cash budget information for three months. 35% of the cash is received in the month the transaction occurred and 65% on Credit sales.

Also, the Credit sales are collected 70% in the following month it occurred off the sales and 30% in the 3^rd month following the sale.

	January 2022	February 2022	March 2022
Sales	$180,000	$150,000	$140,000

Compute the expected Cash Collection for February, March and April 2022