Big City Manufacturing (BCM) is preparing its cash budget andexpects to have sales of $450,000 in January, $375,000 in February,and $555,000 in March. If 20% of the sales are for cash, 45% arecredit sales paid in the month after the sale, and another 35% arecredit sales paid 2 months after the sale, what are the expectedcash receipts for March? Enter your answer rounded to two decimalplaces. Do not enter $ or comma in the answer box. For example, ifyour answer is $12,300.456 then enter as 12300.46 in the answerbox.

8 In problem 7, Big City Manufacturing (BCM) assumed that allcredit sales were paid in full, which is not realistic. BCM studiedits past credit sales and determined that 2.5% of its credit salesresulted in Bad Debts that were never collected. Using the datafrom the previous problem with the new assumption that 2.5% ofcredit sales were never collected, what is your revised estimatefor the expected cash receipts for March? Enter your answer roundedto two decimal places. Do not enter $ or comma in the answer box.For example, if your answer is $12,300.456 then enter as 12300.46in the answer box.

  9. 4 In problem 7, Big City Manufacturing (BCM)assumed that all credit sales were paid in full, with no bad debtexpense. For this problem, please assume that bad debt expense isagain 0% for BCM. Purchases for next month's sales are 55% ofprojected sales for the next month, and April sales are estimatedto be $495,000; purchases for April are paid in cash in March."Other payments," which include wages, rent, and taxes, are 25% ofsales for the current month. Construct a cash budget for Marchusing your expected cash receipts from problem 7 and calculate theaverage net cash flow during the month of March. Enter your answerrounded to two decimal places. Do not enter $ or comma in theanswer box. For example, if your answer is $12,300.456 then enteras 12300.46 in the answer box.

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