Sesnie Corporation has found that 80% of its sales in any given month are credit sales,...

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Sesnie Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Sesnie Corporation has experienced the following collection pattern: 25% received in the month of the sale 50% received in the month after the sale 22% received two months after the sale 3% of the credit sales are never received Sesnie Corporation Cash Collections Budget For the Months of January through March January Cash sales Collections on credit sales: 25% Month of sale 50% Month after 22% Two months after Total cash collections November sales for last year were $80,000, while December sales were $110,000. Projected sales for the next three months are as follows: January sales. $ 175,000 February sales. $ 115,000 March sales $ 185,000 Requirement Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter. (Round your answers to the nearest whole dollar.) Sesnie Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Sesnie Corporation has experienced the following collection pattern: 25% received in the month of the sale 50% received in the month after the sale 22% received two months after the sale 3% of the credit sales are never received Sesnie Corporation Cash Collections Budget For the Months of January through March January Cash sales Collections on credit sales: 25% Month of sale 50% Month after 22% Two months after Total cash collections November sales for last year were $80,000, while December sales were $110,000. Projected sales for the next three months are as follows: January sales. $ 175,000 February sales. $ 115,000 March sales $ 185,000 Requirement Prepare a cash collections budget for the first quarter, with a column for each month and for the quarter. (Round your answers to the nearest whole dollar.)

Answer rating: 100% (QA)

Sesnie Corporate Sol are cedit 802 25 Mont of Sale 250 589 aa 7 342 Never received November 800... View the full answer