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Assume a company is preparing a budget for its first three months of operations. During...

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Accounting

Assume a company is preparing a budget for its first three months of operations. During the months of January, February, and March, it expects credit sales of $45,000,$63,000, and $70,000, respectively. The company expects to collect 45% of its credit sales in the month of the sale, 35% in the following month, and the remaining 20% in the second month following the sale.
A. What amount of cash collections from credit sales would the company include in its cash budget for the month of March?
B. What is the budgeted accounts receivable balance at the end of March?
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