Your co. collects 50% of its sales in the month of the sales, 30% of the follow month, and 20% the second month after the sale.
calculate budgeted cash receipts for march and april.
january=50
february=40
march=60
april=30
may=70
june=50

Step-by-step explanation:

In March, Your Co. will collect 20% of January's sales, 30% of February's sales, and 50% of March's sales:

  .20×50 +.30×40 +.50×60 = 10 +12 +30 = 52

Similarly, in April, collections will be ...

  .20×40 + .30×60 + .50×30 = 8 +18 +15 = 41

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step-by-step explanation:

step-by-step explanation: