Nelson Corporation's Began Operations on January 1, 2010

Essay

Nelson Corporation's began operations on January 1, 2010. Forecasted sales for the first half of 2010 are listed below.

Seventy-five percent of Nelson's sales are on credit; the rest are for cash. The credit sales are paid 60% in the month of the sale 25% in the first month after sale, and 15% in the second month after the sale.
Required:
Determine Nelson's estimated cash receipts for January through March 2010.