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

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Accounting

Crew Clothing (CC) sells womens resort casual clothing to high-end department stores and in its own retail boutiques. CC expects sales for January, February, and March to be $380,000, $440,000, and $460,000, respectively. Twenty percent of CCs sales are cash, with the remainder collected evenly over two months. During December, CCs total sales were $690,000. CC is beginning its budget process and has asked for your help in preparing the cash budget.
Compute CCs expected cash receipts from customers for each month.

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