Refer to the Yoder’s schedule for cash receipts from customers that you prepared in Short Exercise S22- 9.

Now assume that Yoder’s sales are collected as follows: 50% in the month of the sale 30% in the month after the sale 18% two months after the sales 2% never collected November sales totaled $ 300,000 and December sales were $ 325,000. Prepare a schedule for the budgeted cash receipts from customers for January and February. Round answers to the nearest dollar.

Now assume that Yoder’s sales are collected as follows:

60% in the month of the sale

30% in the month after the sale

8% two months after the sale

2% never collected

Prepare a revised schedule for the budgeted cash receipts for January and February.