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Crew Clothing (CC) sells women's resort casual clothing to high-end department stores and in its...

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Accounting

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Crew Clothing (CC) sells women's resort casual clothing to high-end department stores and in its own retail boutiques. CC expects sales for January, February, and March to be $350,000, $410,000, and $430,000, respectively. Twenty percent of CC's sales are cash, with the remainder collected evenly over two months. During December, CC's total sales were $660,000. CC is beginning its budget process and has asked for your help in preparing the cash budget. Compute CC's expected cash receipts from customers for each month. January February March Budgeted cash receipts Complete the following table: (Enter all values as positive values.) Production NUMBER OF UNITS Ending Sales Inventory 550 100 Beginning Inventory 100 900 90 100 720 710 75 950 1,200 195 660 225 140 820 770 255

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