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Show the total cash receipts forecast for months of march

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Reference no: EM132971468

The sales forecast from January to May 20X8 for Jeremy Ltd is shown below:

                                       Jan              Feb          Mar                         Apr              May

Sales                    $180 000     $180 000     $200 000      $200 000      $230 000

50% of sales are on a cash basis while the remaining sales are on credit. Out of this remainder, 60% is collected one month after sale and the remaining 40% collected two months after sale. Customers who pay on a cash basis get a discount of 5%.

Problem 1: Show the total cash receipts forecast for the months of March, April and May 20X8.

Reference no: EM132971468

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