Assume20 of all sales are cash sales remaining 80 are sales

Question

Need help finding the cash receipts for March:

• Assume20% of all sales are cash sales; remaining 80% are sales onaccount
• 10% ofsales on account are collected in the month of sale; 60% in themonth following; 30% in the 2^nd month following

· Projections   Sales              

· November       100,000

December       120,000

January          150,000

February        170,000

March             200,000

Calculate the estimated cash from all sources for March.

March Cash Receipts from allsources$.