Q1 $240 Q2 $250 Q3 $205 Q4 $350

Sales for 1st quarter next year are projected to be $230.

Accounts Rec. at the beginning of the year was 100.
Beginning Accounts payable were 60.
The beginning cash balance is 50.
Hoyt, Inc. cash collection schedule is as follows: 60% if sakes in current quarter, 40% in the 1st quarter sale.
Purchasesfrom suppliers in a quarter are equal to 50% of the next quarter's forecasted sales.
Suppliers are normally paid in 50% in the quarter purchases are made and 50% in the following quarter.
Wages taxes and other expenses are 20% of current quarter sales
Hoyt, Inc. maintains a minimum cash of 30.

Looks like a simple cash budget problem. What are you stuck on, or what do you need help with.

I am confused with the Q1-240 and the Sales for the 1st quarter next year which is to be projected at 230.00

You are dealing with 5 quarters, 4 in the current year and 1 in the following year. I would assume that quarter 1 is your current quarter.

Your cash collections schedule does not make sense. I think it is supposed to be that 60% of sales in the quarter of the sale and 40% in the quarter following the sale are collected.

If this is correct you start with Quarter 1 sales times 60% equals your cash collections in the first quarter. For quarter 2 you start with quarter 1 sales times 40% then add your quarter 2 sales times 60%. Then you do the following quarters in the same fashion.

It looks like you are missing previous quarter sales information for the cash collections in the current quarter.