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XYZ Company sells a product for $10. Budgeted sales for the first quarter of the...

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Accounting

XYZ Company sells a product for $10. Budgeted sales for the first quarter of the current year are as follows:

Budgeted Sales

January $160,000

February $100,000

March $180,000

The company collects 70 percent in the month of sale and 25 percent in the following month. Five percent of all sales are uncollectible and written off.

What would be XYZ Companys budgeted cash receipts for March?

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