3. Ruby’s projected budgeted credit sales for the first three months of 2008 are as follows:
January $250,000
February $300,000
March $340,000
Ruby’s expects to collect 30% of the sales dollars in the month of the sale and 70% in the month following the sales.

How much cash does Ruby’s expect to collect in February? (2 point)
How much cash does Ruby’s expect to collect in March? (2 point)

sales budget - 2008 january february march

credit sales 250,000 300,000 340,000

30% in first month 75,000 90,000 102,000
70% in month following 175,000 210,000

total 265,000 312,000

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How much cash does Ruby's expect to collect in February?
$ 265,000

How much cash does Ruby's expect to collect in March?
$ 312,000

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Sales budget - 2008 january february march

Credit sales 250,000 300,000 340,000

30% in first month 75,000 90,000 102,000
70% in month following 175,000 210,000

Total 265,000 312,000

This looks like a homework problem