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In preparation for the quarterly cash budget, the following revenue and cost information have been compiled.

Month	Sales	Purchases
August	2900	3800
September	3400	3000
October	900	900
November	1400	350
December	1900	500

The firm collects 20 percent of sales for cash, and collects 50 percent of its sales one month later, and collects the remaining 30 percent two months after sales.

Interest income of $180 on marketable securities will be received in December.

Dividends income of $270 on marketable securities will be received in December.

The firm pays cash for 10 percent of its purchases, and pays 30 percent the following month, and the remaining 60 percent two months after purchase.

The firm pays monthly salaries of $970

The firm pays dividends of $680 at the end of December.

the firm pays interest of $170 at the end of December.

The firm intends to make a $1200 cash purchase of fixed assets in November.

The firm has a beginning cash balance in October of $660 and maintains a minimum cash balance of $3000.

Prepare:

1- A Schedule of Projected Cash Receipts for the months of October, November, and December.

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Cash Receipts Aug. Sept. Oct. Nov. Dec. Sales Cash sales Collections of AR: After one month After two months Interest Dividends Total cash receipts

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