You are the accounts receivable manager and have been asked to provide the estimated cash flows for the upcoming period. The sales for the last three months are as follows:

Month Credit Sales Cash Sales

January $$62,000$ $$38,000$

February $$80,000$ $$42,000$

March $($estimated$)$ $$79,000$ $$56,000$

Based on historical trends, $60\%$ of credit sales are collected in the month after the sale, $30\%$ are collected two months after the sales, and $10\%$ will never be collected. Based on the information provided, what is your budget for cash receipts in the month of March?

You are the accounts receivable manager and have been asked to provide the estimated cash flows for the upcoming period. The sales for the last three months are as follows:

Month Credit Sales Cash Sales

January $$62,000$ $$38,000$

February $$80,000$ $$42,000$

March $($estimated$)$ $$79,000$ $$56,000$

Based on historical trends, $60\%$ of credit sales are collected in the month after the sale, $30\%$ are collected two months after the sales, and $10\%$ will never be collected. Based on the information provided, what is your budget for cash receipts in the month of March?