mework: Chapter 9 Homework Save : 0 of 2 pts 45 of 10 (0 complete) HW Score: 0%, 0 of 20 pts 71 (similar to) Question Help erald Service anticipates the following sales revence over a five-month period Its collection history indicates that credit sales are collected as follows: Click the icon to view the sales data) Click the icon to view the collections data) no company's sales te 20% cash and 80% credit How much cash will be collected in January in February in March? For the carrier in bar Complete the cash butel termine how much cash will be collected in January February Marchand for the water in totalRound your answers to the rest whole dar) Emerald Service Cash Collections Budget More info For the Month of January through March January Cash sales Collection of credits 20% onth of 4 Months 20% in the month of the sale 40% in the mother the 35 monster the swever colected 35 Two months wher Toth tons Duta Table December 100 February 5 30 Ec S 14.00 MacBook Air & 7 6 8 4 2 3 O U T R Y Q W tab K HJ F G A S D cops lock V V NM B C z shift D GP all COM control option command Score: 0 of 2 pts 4 of 100 completely HW Score: 0%, 0 of 20 pts E9-27A (similar to) Question Help Fielding Motors is a chain of car dealerships Soles in the fourth quarter of last year were 54,100,000. Suppose management project that its current year's quarterly sales will increase by 6% in quarter 1, by another 25 in quarter 2, by another 7% in quarter, and by another 4% in quarter 4. Management expects cost of goods sold to be 40% of reveruns every quarter, while operating expenses should be 20% of reven during each of the first two quarters, 25% of revenues during the third quarter, and 35% during the fourth quarter Requirement Prepare a budgled income statement for each of the four quarters and for the entire year Prepare the first portion of the budgeted income statement through your profit, then complete the statement. (Round the most erstwhole dolar) Fleiding Motors Budgeted Income Statement For the upcoming Year Quarter 1 Quarter 2 Quarters Quarter 4 Year Sales Low Cost of goods Gross En any number in the cows and then clickCheck in Eco MacBook Air O $ 4 & 7 1 0 1 8 2 5 9 3 6 Q W E R T Y U 1 P 0 tab L A S K D F H G caps lock