Lee Verly will be opening his company called LV Catering in January of the next year. He predicts that January, February and March will generate $170,000, $120,000 and $190,000 worth of sales respectively. The company expects to sell 15% of its products for cash. Of the sales on account, 50% 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 your answers to the nearest whole number. LV Catering Cash Receipts For January, February and March January February March Cash sales $Answer $Answer $Answer Collections from credit customers $Answer $Answer $Answer Total Cash Receipts $Answer $Answer $Answer Please don't provide answer in image format thank you
Lee Verly will be opening his company called LV Catering in January of the next year. He predicts that January, February and March will generate $170,000, $120,000 and $190,000 worth of sales respectively. The company expects to sell 15% of its products for cash. Of the sales on account, 50% 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
Please don't provide answer in image format thank you
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