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How do show the total cash receipts forecast for the months

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Reference no: EM132974461

The sales forecast from January to May 20X8 for Jeremy Ltd is shown below:

               Jan                   Feb         Mar               Apr         May

Sales      $180000       $180000      $200000  $200000    $230000

50% of sales are on a cash basis while the remaining sales are on credit. Out of this remainder, 60% is collected one month after sale and the remaining 40% collected two months after sale. Customers who pay on a cash basis get a discount of 5%.

Problem 1: How do show the total cash receipts forecast for the months of March, April and May 20X8.

Reference no: EM132974461

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