What total cash collection in march is expected, Accounting Basics

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What total cash collection in march is expected

Question: Birds Company has completed its sales budget for the first quarter. Projected sales for the first three months of the year are shown below: January February March Cash Sales $130,000 $143,000 $157,300 Credit Sales $335,000 $368,500 $405,350 The company's past records show collection of credit sales as follows: 40% in the month of sale and the balance in the following month. The total cash collection in March is expected to be:

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Accounting Basics: What total cash collection in march is expected

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