Refer to Figure 6. Andrews Companys budgeted cash receipts for March are

$156,000 None of these are correct

$126,000

$205,000

$151,000

Figure 6 Andrews Company sells a product for $10. Budgeted sales for the first quarter of the current year are as follows: Budgeted Sales January February March $160,000 $100,000 $180,000 The company collects 70 percent in the month of sale and 25 percent in the following month. Five percent of all sales are uncollectible and written off