Using the information provided, construct a cash budget for February and March.
Vertical Ladder Company (VLC) forecasts that its sales for January through April will be $60,000, $70,000, $90,000, and $80,000, respectively. All sales are made on credit, and past experience indicates that 30 percent of the sales will be collected in the month of the sale and that the remaining 70 percent will be collected the … Read more