Question: Lee Verty will be opening his comparyy called IV Catering in January of the next year. He predicts that January, February and March will generate
Lee Verty will be opening his comparyy called IV Catering in January of the next year. He predicts that January, February and March will generate $195,000,$110,000 and $130,000 worth of sales respectively. The company expects to sell 35% of its products for cash. Of the sales on account, 559 are expected to be collected in the month of the sale, 25% in the month following the sale and the remainder in the following month. Prepare the cash receipts section of the cash budget. Do not enter dollar signs or commas in the input boxes. Round yout answers to the nearest whole number
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