The Ewing Company budgeted sales for January, February, and March of $96,000, $88,000, and $72,000, respectively. Seventy percent of sales are on credit. The company collects 60% of its credit sales in the month following sale, and 40% in the second month following sale. What are Ewing's expected cash receipts for March related to all current and past sales?

Portion of March sales	$
Portion of February sales	$
Portion of January sales	$
Total cash collected in March ...	$

P6.

Use the following data to determine the company's cash disbursements for August and September:

	July	August	September
Sales..	$24,000	$32,000	$36,000
Purchases.	14,400	$19,200	$21,600

Payments for purchases..	One month after purchase
Selling expenses	15% of sales, paid in the month of sale
Administrative expenses..	10% of sales, paid in the month of sale
Rent expense.	$2,400 per month
Equipment depreciation	$1,300 per month

Cash Disbursements (list):	August	September
	$	$
Total disbursements.	$	$

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