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Projected sales

Your projected sales for the first 3 months of next year are as follows: Jan. 15,000Feb. 20,000March, 25,000Based on last year’s data, cash sales are 20 percent of total sales for each month. Of the accounts receivable, 60 percent are collected in the month after the sale and 40 percent are collected in the second month following the sale. Sales for November of the current year are $15,000 and for December are $17000. You have the following estimated payments: Jan. 4500; Feb., 5500, March, 5200A. Using the format from the pro forma cash budget in Table 6-8 (page 182 of uploaded file), what is your monthly cash budget for January, February and March? B. What will your accounts receivable bed or the beginning of April? C. Will your company have any borrowing requirements for any month during this 3-month period? A. Using the format from the pro forma cash budget in Table 6-8 (page 182 of uploaded file), what is your monthly cash budget for January, February and March? Sales Current Month collection…

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