Homework Answers
Expected Cash Collections for March is as shown below:
| ABC Company | |
| Schedule of expected Cash collections | |
| For the month of March | |
| Month | |
| Particulars | March |
| Cash Sales | 26,000 |
| January Sales collected in March (118,000*8%) | 9,440 |
| February Sales collected in March (146,000*27%) | 39,420 |
| March Sales collected in March (133,000*65%) | 86,450 |
| Total collections | 161,310 |
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