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Dow Corporation sells a product for $50. Budgeted sales for the first quarter of 20x1...

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Accounting

Dow Corporation sells a product for $50. Budgeted sales for the first quarter of 20x1 are as follows: January $1,000,000 February 1,200,000 March 1,300,000 The company collects 60% in the month of sale, 20% in the following month, and 10% two months after the sale. Ten percent of all sales are uncollectible and are written off.

Budgeted cash receipts for March are _____.

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