Preparing a financial budget-----I am completely stuck on a question. Please help. They are wanting this is a schedule of receipts format. Any assistance would be great.
Yeaman expects total sales of $330,000 in January and $407,000 in February, Assume that Yeaman's sales are collected as follows:
60% in the month of sale
30% in the month after sale
8% two months after the sale
2% never collected
November sales totaled $260,000, and December sales were $330,000. They want this in a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar.