Del Carpio, Inc Cash Sales Are 30% of Each Product's Monthly Sales

Essay

Del Carpio, Inc.sells two products, Widgets and Gadgets.The sales forecast in units for the first quarter of the coming year is:
$$\begin{array} { l l l } & \underline{\text { Widgets }} & \underline{\text { Gadgets }} \\\text { Jaruary } & 20,000 & 36,000 \\ \text { February } & 28,000 & 60,000 \\\text { March }& 36,000 & 64,000\end{array}$$
Cash sales are 30% of each product's monthly sales.The remaining sales are credit sales that are collected as follows: 70% in the month of sale, 20% the next month, and 10% in the following month.Unit sale prices are $30 and $20 for Widgets and Gadgets, respectively.
Determine the company's cash receipts for March from its current and past sales.