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16. Camen Company projects the following sales: (Click on the icon to view the projected sales.) Camen collects sales on account in the month after
16. Camen Company projects the following sales: (Click on the icon to view the projected sales.) Camen collects sales on account in the month after the sale. The Accounts Receivable balance on January 1 is $12,700, which represents December's sales on account. Camen projects the following cash receipts from customers: B (Click on the icon to view the cash receipts from customers.) Recalculate cash receipts from customers if total sales remain the same but cash sales are only 35% of the total. Data Table Begin by computing the cash sales and sales on account for each month if cash sales are only 35% of the total. January February March January February March Cash sales (35%) Cash sales (45%) $ 9,450 $ 11,700 $ 13,500 Sales on account (65%) 11,550 14,300 16,500 Sales on account (55%) $ 21,000 $ 26,000 $ 30,000 Total sales $ 21,000 $ 26,000 $ 30,000 Total sales Print Done i Data Table January February March Cash receipts from cash sales $ 9,450 $ 11,700 $ 13,500 12,700 11,550 14,300 Cash receipts from sales on account $ 22,150 $ 23,250 $ 27,800 Total cash receipts from customers Enter any number in the edit fields and then click Check Answer. Print Done
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