= Homework: HW #8 - Chapter 9 Question list Question 1 Question 2 Question 5, E9-30A (similar to) Part 1 of 4 Fielding Corporation has found that 60% of its sales in any given month are credit sales, while the Kremainder are cash sales. Of the credit sales, Fielding Corporation has experienced the following collection pattern: 20% received in the month of the sale 40% received in the month after the sale 24% received two months after the sale 16% of the credit sales are never received HW Score: 40%, 4 of 10 points Points: 0 of 2 Save November sales for last year were $110,000, while December sales were $120,000. Projected sales for the next three months are as follows: January sales $ 155,000 $ 130,000 $ 200,000 February sales March sales 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.) Question 3 Question 4 Question 5 Question 6 Cash sales Collections on credit sales: 20% Month of sale 40% Month after 24% Two months after Total cash collections Fielding Corporation Cash Collections Budget For the Months of January through March January