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1) ABC Corporation is compiling their cash budget. They have the following information. Month November December Budgeted Sales Revenue Actual Sales Revenue $ 115,000.00 $

1) ABC Corporation is compiling their cash budget. They have the following information. Month November December Budgeted Sales Revenue Actual Sales Revenue $ 115,000.00 $ 135,000.00 January $ 105,000.00 February $ 120,000.00 March $ 115,000.00 They Expect 75% of sales to be COD. Of the credit sales, they expect 25% to be collected in the month of sale, 45% in the month after sale and 27% to be collected in the second month after the sale. The remainder will not be collected. Prepare a Cash Collections budget for ABC Corporation for the first 3 months of 2020 (10 marks) Address Wimage text in transcribed

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