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Company is trying to budget how much cash it should receive in the month...

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Accounting

Company is trying to budget how much cash it should receive in the month of March related to its sales. The below table lists the expected sales in January - May.

Month

Sales

January

$510,000

February

$430,000

March

$200,000

April

$830,000

May

$980,000

Of the sales, 60% are paid with cash. The remaining 40% of the sales are recorded as accounts receivables. The company typically collects the 90% of the cash related to the accounts receivables in the month following the sale and 10% in two months following the sale.

How much total cash does the company budget to receive in March?

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