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Yurty Limited has the following sales budget for the first three months of 2021: January February March Sales (units) 680 720 780 Credit sales ($)

Yurty Limited has the following sales budget for the first three months of 2021:

January

February

March

Sales (units)

680

720

780

Credit sales ($)

$340,000

$360,000

$390,000

Yurty expects to collect 40% of its receivables in the month of sale and 55% in the following month, with the remainder expected to go bad. Customers who pay in the

following month, with the remainder expected to go bad. Customers who pay in the month of sale receive a 5% discount.

Calculate the expected cash collections for February.

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