You are the owner of a new, BBQ and Patio Accessories Store in Calgary.
You have budgeted the following information regarding next years operating results and cash flow patterns:
Sales Type		% of Total		Collection Pattern
Credit card sales		55%		70%	in the quarter of sale
				30%	in the quarter following sale
Cash sales		25%		100%	in the quarter of sale
Sales on account		20%		65%	in the quarter of sale
				25%	in the quarter following sale
				10%	in the 2nd quarter following sale
Total Budgeted Sales:
	1st quarter		450,000
	2nd quarter		365,000
	3rd quarter		260,000
	4th quarter		560,000
Required: Based on the above information prepare a schedule of budgeted cash
collections for the 3rd quarter.

Note- Introductory management accounting