# Question: Bentfield Corporation has found that 60 of its sales in

Bentfield Corporation has found that 60% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Bentfield Corporation has experienced the following collection pattern:
25% received in the month of the sale
50% received in the month after the sale
24% received two months after the sale
1% of the credit sales are never received

November sales for last year were \$ 85,000, while December sales were \$ 110,000. ­Projected sales for the next three months are as follows:

January sales.......................................................................................................... \$ 155,000
February sales........................................................................................................ \$ 115,000
March sales............................................................................................................ \$ 195,000

Requirement
Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter.

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