9-Exercises Seved Help Save & Exit Subm This question will be sent to your instructor for grading of 2 ped Required information. [The following information applies to the questions displayed below.) Sound Investments, Incorporated, is a large retailer of stereo equipment. The controller is about to prepare the budget for the first quarter of 20x2. Past experience has indicated that 75 percent of the store's sales are cash sales. The collection experience for the sales on account is as follows: 80 percent during month of sale 15 percent during month following sale 5 percent uncollectible The total sales for December 20x1 are expected to be $196,000. The controller feels that sales in January 20x2 could range from $106,000 to $166,000. Hook int rences 2. How could the controller of Sound Investments, Incorporated, use this financial planning approach to help in planning operations for January? Essay Toolbar navigation. B