The Khaki Corporation's budgeted cash receipts for April is $383,000.
Data andCalculations:
                                   January      February         March            April
Cash Sales              $70,000       $90,000     $80,000       $70,000
Credit Sales         $400,000     $350,000   $300,000     $320,000
<u>Cash collections</u>:
40% sales month $160,000      $140,000    $120,000      $128,000
50% 1st month                          $200,000     $175,000      $150,000
10% 2nd month                                                $40,000       $35,000
Total collections from credit sales for April                     $313,000
Cash Sales            $70,000      $90,000       $80,000       $70,000
Total budgeted cash receipts for April =                         $383,000
Thus, the budgeted cash receipts for the month of April would be $383,000.
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