The cash budget is the primary tool used in short-term financial planning. As with many calculations, the sales forecast is a primary input. As an example of the cash budgeting process, we will use the Fun Toys Corporation. The sales projections and other information provided are:
			Q1	Q2	Q3	Q4
	Sales		$    200,000,000	$      300,000,000	$    250,000,000	$    400,000,000
	Beginning receivables:		$    120,000,000
	Receivables period (days):		45
With the receivables period shown, we can calculate the percentage of sales collected in the current quarter as:
	Percentage of sales received: