Built-tight is preparing its master budget for the quarter ended september 30, 2017. budgeted sales and cash payments for product costs for the quarter follow:

Month                                         July           August     September

Monthly Cash Receipts          $55,400      $58,700      $68,500

Explanation:

                               Built Tight

Cash Receipt Budget for Quarter Ending September 30, 2017

Particulars                              July        August    September

Sales                                       55,500    71,500       56,500

Less: Credit Sales:80%          44,400    57,200       45,200

Cash Sales                               11,100       14,300        11,300

Previous month receivable     44,300     44,400     57,200

Monthly Cash Receipts           55,400    58,700      68,500

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.