The Khaki Corporation has the following budgeted sales data:

The regular pattern of collection of credit sales is 40% in the month of sale, 50% in the month following sale, and the remainder in the second month following the month of sale. There are no bad debts.
The budgeted cash receipts for April would be:
$350,000
$320,000
$313,000
$383,000

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January Febr April Cash Salees $70,000 $90,000 $80,000 $70,000 Credit Sales $400,000 $350,000 $300,000 $320,000