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If 20 of sales are for cash 40 are credit sales paid in the

Question - Singal Inc. is preparing its cash budget. It expects to have sales of $30,000 in January, $35,000 in February, and $35,000 in March. If 20% of sales are for cash, 40% are credit sales paid in the month after the sale, and another 40% are credit sales paid 2 months after the sale, what are the expected cash receipts for March?

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Accounting Basics: If 20 of sales are for cash 40 are credit sales paid in the

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