November sales for last year were $80,000, while December sales were Monette Corporation has found that...

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November sales for last year were $80,000, while December sales were Monette Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Monette Corporation $120,000. Projected sales for the next three months are as follows: has experienced the following collection pattern: January sales.. 175,000 25% received in the month of the sale February sales 2$ 135,000 50% received in the month after the sale March sales. 2$ 185,000 20% received two months after the sale 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.) 5% of the credit sales are never received Monette Corporation Cash Collections Budget For the Months of January through March January Cash sales Collections on credit sales: 25% Month of sale 50% Month after 20% Two months after Total cash collections Enter any number in the edit fields and then click Check Answer. November sales for last year were $80,000, while December sales were Monette Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Monette Corporation $120,000. Projected sales for the next three months are as follows: has experienced the following collection pattern: January sales.. 175,000 25% received in the month of the sale February sales 2$ 135,000 50% received in the month after the sale March sales. 2$ 185,000 20% received two months after the sale 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.) 5% of the credit sales are never received Monette Corporation Cash Collections Budget For the Months of January through March January Cash sales Collections on credit sales: 25% Month of sale 50% Month after 20% Two months after Total cash collections Enter any number in the edit fields and then click Check Answer.

Answer rating: 100% (QA)

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