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Compute the total expected cash receipts during March

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Reference no: EM132472186

Problem - Astor Manufacturing has the following budgeted sales: January $120,000, February $180,000, and March $150,000. 40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. Compute the total expected cash receipts during March?

a. $168,000

b. $159,000

c. $157,500

d. $150,000

Reference no: EM132472186

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