The following data apply to the HASF Hardware Store and its 2011 budget Forecast Sales Jan $200,000 Feb $160,000 Mar $180,000 Apr $45,000 Balance Sheet Data December 31,2010 Cash $80,000 Account...

The following data apply to the HASF Hardware Store and its 2011 budget

 Other data are as follows:

• Sales are on credit with 60% of sales collected in the same month after sale ,40% in the second month after sale


• Cost of goods sold is 50% of sales


• Other variables costs are 30% of sales paid in the month incurred


• Inventories are to be 80% of next month’s budgeted sales requirements


• Fixed expenses are $15000 per month; all require cash


• Credit time period for purchases are 30 days

On basis of above information answer following questions

Find how much Cash Collect in the month of March 2011?