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Homework: Chapter 11 Homework Score: 0 of 1 pt E9-27A (similar to) Save 6 of 9 (D complete) Hw Score: 0%, 0 of 9 p Question Help Monette Crporation has found that 70% of its sales in any given month are credt sales, while November sales for last year were $106,000,whle December sales were $115,000 Projected sales for the next three months are as follows: remainder are cash sales. Of the credit sales, Monete Corporation has experienced the folowing collection pattern 20% rece.ved inthe month ofthe sale 40% received in the month after the sale 25%received two months after the sale 15% ofthe ondit sales are never received January sales February sales March sales Requirement Prepare a cash collections budget for the first quarter, wilth a column for each month and for the quarter Round your answers to the nearest whole dolar) 170,000 130,000 $ 180,000 Monette Corporation Cash Collections Budget For the Months of January through March January Cash sale Collections on credt sales 20% Month of sale 40% Month after 25% Two months after Total cash colections Enter any number in the edit fields and then click Check Answer parts Clear All Check