Question: please help me finish this question , i cant understand the last part Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected




Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $902,000 in October, $964.000 in November, $1,045,000 in December, and $936,000 in January Trever's sales are 30% cashm company's collection history indicates that credit sales are collected as follows 20% in the month of the sale 60% in the month after the sale 14% two months after the sale 6% are never collected Requirements 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales 2. Prepare a cash collection budget for December and January: Round all answers up to the nearest dollar COD 902000 904000 1045000 930000 Total sales Requirement 2. Prepare a cash collection budget for December and January, Round all answers up to the nearest dollar Trever Reeds Budgeted Cash Collections from Customers For the Months of December and January December January 313500 Cash sales Collection of credit sales: 146300 20% of current month credit sales 60% of prior month credit sales 14% of credit sales two months ago Total collection of credit sales stallations 280800 131040 met reeds, has projected sales to be $902,000 in October, $964,000 in November, $1,045,000 in December, and $936,000 in January. Trever's sales are 30% cash and 70% credit. Tr llected as follows: areakdown between cash and credit sales. sary. Round all answers up to the nearest dollar. 1045000 936000 ember and January. Round all answers up to the nearest dollar. ustomers January er January 313500 146300 280800 131040 2005, a nalaurer of saxophone, oboe, and clarinet reeds, has projected sales to be $902,000 in October, $964,000 in November, $1,045,000 in December, and $938,000 in company's collection history indicates that credit sales are collected as follows: 20% in the month of the sale 60% in the month after the sale 14% two months after the sale 6% are never collected. Requirements 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales. 2. Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar. 902000 964000 1045000 936000 Total sales Requirement 2. Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar. Trever Reeds Budgeted Cash Collections from Customers For the Months of December and January December January 313500 Cash sales Collection of credit sales: 146300 20% of current month credit sales 280800 131040 Requirements 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales. 2. Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar. KIIN For the Four Months Ended January November December January Cash sales 270600 289200 313500 280800 631400 674800 731500 655200 Credit sales 902000 964000 1045000 936000 Total sales Requirement 2. Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar. Trever Reeds Budgeted Cash Collections from Customers For the Months of December and January December January 313500 Cash sales Collection of credit sales: 146300 20% of current month credit sales October 280800 131040 METTR 902000 Total sales 964000 1045000 936000 Requirement 2. Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar. Trever Reeds Budgeted Cash Collections from Customers For the Months of December and January December January 313500 Cash sales Collection of credit sales: 146300 20% of current month credit sales 60% of prior month credit sales 14% of credit sales two months ago Total collection of credit sales Total cash collections 280800 131040
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