Question: I thumbs up, please do for all 3 months listed. if you could provide a brief explanation that would be amazing so i can learn.

I thumbs up, please do for all 3 months listed. if you

I thumbs up, please do for all 3 months listed. if you could provide a brief explanation that would be amazing so i can learn.

Samson 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, Samson Corporation has experienced the following collection pattern: 20% received in the month of the sale 40% received in the month after the sale 22% received two months after the sale 18% of the credit sales are never received November sales for last year were $105,000, while December sales were $115,000. Projected sales for the next three months are as follows: \begin{tabular}{ll} January sales . . . . . . . . . . . . . . \$ & 155,000 \\ February sales . . . . . . . . . . . . . . \$ & 120,000 \\ March sales. . . . . . . . . . . . . . . . \$ & 170,000 \\ \hline \end{tabular} 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.) Samson Corporation Cash Collections Budget For the Months of January through March

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