How would I go about solving something like this?

Master BudgetIndependent Exercises. A. Markham Company has completed its sales budget for the first quarter of 2018. Projected credit sales for the first four months of the year are shown below: f January: $30,000 February: $36,000 March: $45,000 April: $48,000 l l l l i The company's past records show collection of credit sales as follows: 40% in the month of sale and the balance in the l 1 following month. i Required: Compute total cash collections from receivables in March. 8. Clockworks Inc. manufactures two styles of watches. Following is information relating to these two i l i i l styles 2 Expected Sales Style This Month Next Month Metal banded 300 units 400 units Leather banded 500 units 400 units l Clockworks' policy is to maintain ending inventories at 5% of what is expected for the next month. oduct'ion in units for both styles? On hand at the i Required: What is the budgeted level of pr ' of this month's budgeted sales. beginning of this month was 5%