Yolo Company will open a new store on January 1. Based on experience from its other retail outlets, Yolo is making the following sales projections:

Cash Sales Credit Sales

January...................... $60,000 $40,000

February.................... $30,000 $50,000

March........................ $40,000 $60,000

April.......................... $40,000 $80,000

Yolo Company estimates that 70% of the credit sales will be collected in the month following the month of sale, and the remaining 30% will be collected in the second month following the month of sale.

A.What is the budgeted balance for accounts recievable at march 31?

B. What is the budgeted total cash reciepts for april?