VJasper Company has sales on account and for cash. Specifically, 70% of its sales are on account and 30% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $525,000 for April, $535,000 for May, and $560,000 for June. The beginning balance of Accounts Receivable is $400,000 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June.

                                              April             May              June

Cash Sales             30%    $157,500     $160,500      $168,000

Sales on account   70%    $367,500    $374,500      $392,000

                                          $525,000    $535,000     $560,000

                                        JASPER COMPANY

                                     Cash Receipts Budget

                                   For April, May and June

                                                                 April          May          June

Cash Receipts from:

Cash Sales                                         $157,500    $160,500   $168,000

Collection of accounts Receivable  $400,000   $367,500   $374,500

Total Cash Receipts                          $557,500   $528,000  $542,500

the interest will be $59.71

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rational decision making is a multi-step process for making choices between alternatives. the process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. the word “rational” in this context does not mean sane or clear-headed as it does in the colloquial sense.

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