Answer:
January February March
Total Cash Receipts $634,000 $546,000 $582,000
Explanation:
<u>CC’s expected cash receipts from customers</u>
January February March
<em>Sales $510,000 $570,000 $590,000</em>
<u>Cash Receipts</u>
Cash - 20% $102,000 $114,000 $118,000
Credit - 40% $328,000 $228,000 $236,000
Credit - 40% $204,000 $204,000 $ 228,000
Total $634,000 $546,000 $582,000